Reconciled books, monthly management accounts, audit-ready year-ends
Monthly bookkeeping, management accounts and annual financial statements for businesses on the KZN South Coast. Run on Xero by a Xero Silver Partner in Amanzimtoti.
South Coast Advisory keeps your books current in Xero, reconciles your bank accounts monthly, and prepares annual financial statements. You get management accounts you can act on instead of a shoebox reconstructed once a year. Suited to owner-managed businesses on the KZN South Coast that have outgrown a spreadsheet.
What is included
- Monthly transaction processing and bank reconciliation
- Accounts payable and receivable management
- Monthly or quarterly management accounts
- Annual financial statements
- General ledger maintenance and journals
- Fixed asset register
- Year-end file ready for review or audit
How it works
- 01
Take on
We review your current system, agree a monthly cut-off date, and set up or clean up your Xero file.
- 02
Each month
You send or sync documents, we process and reconcile, then send management accounts.
- 03
Each year
We prepare the annual financial statements and hand the tax pack to our tax team.
Questions about accounting & bookkeeping
How long must I keep my business records?
Tax legislation requires records supporting a return to be kept for five years from the date the return was submitted, and longer where an audit or objection is running. Company records under the Companies Act are generally kept for seven years.
Digital copies are acceptable if they are complete and readable. Documents attached in Xero satisfy this, which is one of the practical reasons we put clients on it.
My paperwork is a mess and years behind. Will you still take me on?
Yes. Catching up on several years of records and outstanding returns is normal work for us, and it is usually cheaper than the penalties and interest of leaving it.
We quote the catch-up separately from your monthly fee so you can see exactly what the clean-up costs.
What is the difference between a bookkeeper and an accountant?
A bookkeeper records what happened: invoices, payments, bank transactions and payroll entries. An accountant takes those records and turns them into financial statements, tax returns and advice about what to do next.
Most small businesses need both. At South Coast Advisory the same team does the processing and the reporting, so nothing is lost in the handover.
How do I change accountants without disrupting my business?
You give your new accountant written permission to request your records from the current one. Professional bodies expect an outgoing accountant to hand over your books, though they may hold back work you have not paid for.
We then review what we receive, list anything outstanding at SARS and CIPC, and agree a start date. Most take-ons are done inside a month, and SARS deadlines carry on being met throughout.
In plain English: Bank reconciliation · Management accounts · Annual financial statements (AFS) · General ledger · Trial balance
Find out where the numbers are holding you back
A free 20-minute consultation on compliance, cash flow and reporting, and what to fix first. Bring your latest management accounts or trial balance if you have them.