Accounting Services Cape Town
Bizztax Accountants provides bookkeeping, monthly accounting, management accounts, annual financial statements and accounting officer services for individuals, entrepreneurs and SMEs across South Africa.
What are accounting services?
Accounting services cover the recording, classification and reporting of a business's financial transactions. For South African SMEs, this typically includes bookkeeping, monthly processing of transactions, preparation of management accounts, annual financial statements and accounting officer reports. Accurate accounting is the foundation of sound financial management, SARS compliance and informed business decision-making.
Who needs an accountant in South Africa?
Every business — from a sole trader to a private company — benefits from professional accounting services. Companies and close corporations are required by the Companies Act to maintain accurate financial records and, depending on their Public Interest Score, may require independently compiled or reviewed financial statements. Accurate accounting also ensures your tax returns are correct and that you are not overpaying or underpaying SARS.
Our Accounting Services
Bookkeeping
We process your monthly financial transactions — including bank statements, invoices, receipts and payments — using cloud accounting software. Accurate bookkeeping ensures your financial records are up to date, your VAT and PAYE submissions are correct, and your management accounts reflect the true financial position of your business.
Monthly Accounting and Management Accounts
We prepare monthly or quarterly management accounts — including an income statement, balance sheet and cash flow statement — so you can monitor your business performance and make informed decisions. Management accounts are also required by banks and investors when applying for finance or investment.
Annual Financial Statements
We prepare annual financial statements in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) or the South African Institute of Chartered Accountants (SAICA) Financial Reporting Standards. Annual financial statements are required for company tax returns, bank finance applications and compliance with the Companies Act.
Accounting Officer Services
Close corporations are required by the Close Corporations Act to appoint an accounting officer. As registered Business Accountants in Practice, Bizztax can act as accounting officer for your close corporation, compiling your annual financial statements and confirming that they are consistent with the accounting records.
Small Business Accounting
We specialise in accounting for small and medium-sized businesses across South Africa. Our cloud-based approach means your financial records are always accessible, your submissions are made on time, and you receive practical financial guidance — not just compliance. We work with sole traders, partnerships, close corporations and private companies.
Frequently Asked Questions
Common questions about accounting services for South African businesses.
What financial records must a South African company keep?
The Companies Act 71 of 2008 requires every company to keep accurate and complete accounting records that fairly present the company's financial position. Records must be kept for at least seven years. This includes invoices, receipts, bank statements, contracts, payroll records and any other documents that support the financial statements.
Does my small business need annual financial statements?
Yes. Every company registered with CIPC is required to prepare annual financial statements within six months of its financial year end. Depending on your company's Public Interest Score, these may need to be independently reviewed or audited. Close corporations require annual financial statements compiled by an accounting officer.
What is the difference between bookkeeping and accounting?
Bookkeeping is the day-to-day recording of financial transactions — capturing invoices, receipts, payments and bank entries. Accounting involves interpreting, classifying and summarising those records into financial statements, management reports and tax returns. Bizztax provides both services as part of our monthly accounting packages.
What accounting software does Bizztax use?
Bizztax is a cloud-based accounting firm. We work with leading cloud accounting platforms to ensure your financial records are accurate, accessible and up to date. Cloud accounting allows us to collaborate with you in real time, regardless of where you are in South Africa.
How much does an accountant cost for a small business in South Africa?
Bizztax offers monthly accounting packages starting from R2 000 per month for the Basic package, which includes expert service by qualified accountants, SARS compliance, tax services, payroll and transaction processing. Pricing depends on the size and complexity of your business. Contact us for a personalised quote.
Related services
Get a quote for accounting services
Contact Bizztax Accountants for a personalised quote on bookkeeping, monthly accounting or annual financial statements. We serve SMEs across Cape Town and South Africa.