LUMENROCK Monthly Accounting. Monthly accounting can seem daunting. Many small businesses do not realize the value of the balance sheet, income statement and cash flow statement. Accounts are only compiled in order to comply with SARS and other legal obligations. Once completed these important, information filled documents are quickly put away without anyone ever evaluating the critical and important information they provide.
The first thing to realize is that monthly management accounting is not just about legal obligations and reflecting what has happened financially in your business during the past months. Correctly compiled and utilized, these three basic financial reports provide a wealth of information about your company’s current and projected fiscal health. Being able to read and understand these reports and the data they provide will give you more control over your business and show you what steps you can take in order to reach your goals.
It is important to create a realistic plan for the year with a budget, record your transactions correctly and review your results at regular intervals. You might think it is difficult at first, but this is where the LUMENROCK Team steps in, we will help you compile your budgets, draw up the monthly financial reports from the transactions you provide and help you understand what it all means.
Contact LUMENROCK today and turn your monthly accounting from a legal chore to an important tool in your business.
Ignus Kempen served on the Southern Region Council whilst Pieter Esterhuizen was in his first term 2010/2011 on SAICA’s Southern Region Council. They achieved this by virtue of the fact that they were chairman of SAICA’s Southern Cape District association representing the interests of all the CA’s (SA) resident in the Southern Cape area.
Franco van der Westhuizen
Thanks a million - you guys are legends!
I have known Pieter Esterhuizen for over ten years in his capacity as my accountant and financial advisor. His sound and very professional financial advice has always been outstanding. He and his firm is dynamic, trustworthy and very loyal to me as a client. It is an honour and privilege for me to be associated with Pieter and LUMENROCK.
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