SKYTRAX ACCOUNTING AND PAYROLL SERVICES

Accounting Services: o Processing of invoices o Bank and petty cash processing and reconciliation o Journals and reconciliation o Detailed general ledger o Debtors billing, processing, reconciliation and age analysis review o Creditors processing, reconciliations and age analysis review o Maintaining the fixed asset register and wear and tear register o Forex accounting for all imports and export transactions o Preparation of budgets and monthly management reporting accounts and monitoring of actual results against the budgets provided with fully documented business advice o Income statement and Balance Sheet preparation done monthly/quarterly/annually o Complete year end procedures required for the external audit to ensure compliance with International Financial Reporting Standards o Completion of VAT calculations and submission of VAT 201 forms to SARS o Trust bank account accounting services provided for Law Firms and Real Estate Agencies to ensure compliance with the various Board requirements Payroll Administration services include: • Complete payroll processing, payslips and remuneration list done for weekly, monthly and fortnightly employees • Monthly payroll reports generated for management purposes • Monthly calculation of PAYE,SDL and UIF prepared, completed and submitted • Preparation of IRP5 and IT3 certificates • Preparation and submission of bi-annual EMP501 reconciliation (Easyfile) Business Management Planning and Risk Identification services include: • Preparation of annual/quarterly/monthly budgets • Direct cash flow accounting services to manage all monthly financial planning and forecasting activities • Setting up of internal controls to ensure a healthy profitability for the company.