Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

We prepare from various source documents such as customer invoices, supplier invoices and bank statements a full set of management accounts on a regular monthly basis. At Armor Financial Services, we strive to provide affordable services.

Your source documents are captured in Sage Pastel Partner. Once all source documents have been captured, we will furnish financial reports to the client for their perusal.

Once a year and/or at the clients request we compile a set of Annual Financial Statements, which is a report created annually that quantifiably describes the financial viability of any company. This includes a statement of income, statement of changes in net worth and a balance sheet. It also often includes a cash flow statement. These elements should be tracked on a monthly basis for the most accurate reporting.

The Annual Financial Statements are prepared by our professional team of accountants and where determined by the public interest score (PIS) we retain the services of registered Auditors, that are registered members of South African Institute of Professional Accountants (SAIPA) as prescribed in the Companies Act. The Annual Financial Statements are required for any submission to SARS with your company / close corporation ITR14 tax return. We aslo offer Payroll Services.