Management Accounting

Many business owners believe that the monthly management accounting pack presented at the end of the month is merely a process to show them the net profit, or loss, for the month. Nothing more, nothing less.

It is however so much more!

It is extremely important to perform your business’ Management Accounting or Monthly Bookkeeping and to actually monitor your business’ performance.

It is furthermore important to check this performance regularly. Hence, it’s called Monthly Management Accounting. On a monthly basis!

The monthly review of your business’ financial situation should include the following measurements at a minimum:

  • Total Net Profit or Loss for the month
  • Net Profit or Loss per division for the month
  • Gross Profit analysis by product
  • Revenue analysis by customer
  • Revenue analysis by branch
  • Revenue analysis by product
  • Cost of sales analysis by supplier
  • Cost of sales analysis by branch
  • Cost of sales analysis by product
  • Expense analysis by expense item
  • Variance analysis on all of the items above
  • Ratio analysis for the most important indicators

We perform these analyses for you on a monthly basis and also discuss it with you. That is where the value-add of Vitalis Accounting comes in, we are a bit different than the normal accountants out there. We show you where your focus should be to make more money.

Our fees below are charged per month for 12 months so that you can plan your cash flow.

No hidden fees, no surprise accounts at the end of the month and no more wondering what your accountant actually does for their fees.


START-UP
Monthly Package for START-UP companies (excl. VAT)
from R3995
per month

* Supplier accounts recon

* Customer accounts recon

* Bank accounts recon

* Monthly management accounts

* Annual Financial Statements

* CIPC annual return submissions

* Provisional tax return submissions (IRP6)

* Income tax return submission (ITR14, ITR12T)

* Monthly Payroll tax return submissions (EMP201)

* Bi-Annual PAYE Employers reconciliation returns (EMP501)

* Periodic VAT return submissions (VAT201)

* Payroll and Payslip processing (5 employees)

* Employee leave management (5 employees)

* OPTIONAL ADD-ON: for an additional R2,500 ex VAT, get 5 hours of Business Consulting from Vitalis Consulting

SMALL
Monthly Package for SMALL companies (excl. VAT)
from R5995
per month

* Supplier accounts recon

* Customer accounts recon

* Bank accounts recon

* Monthly management accounts

* Annual Financial Statements

* CIPC annual return submissions

* Provisional tax return submissions (IRP6)

* Income tax return submission (ITR14, ITR12T)

* Monthly Payroll tax return submissions (EMP201)

* Bi-Annual PAYE Employers reconciliation returns (EMP501)

* Periodic VAT return submissions (VAT201)

* Payroll and Payslip processing (8 employees)

* Employee leave management (8 employees)

* OPTIONAL ADD-ON: for an additional R2,500 ex VAT, get 5 hours of Business Consulting from Vitalis Consulting

MEDIUM
Monthly Package for MEDIUM companies (excl. VAT)
from R9995
per month

* Supplier accounts recon

* Customer accounts recon

* Bank accounts recon

* Monthly management accounts

* Annual Financial Statements

* CIPC annual return submissions

* Provisional tax return submissions (IRP6)

* Income tax return submission (ITR14, ITR12T)

* Monthly Payroll tax return submissions (EMP201)

* Bi-Annual PAYE Employers reconciliation returns (EMP501)

* Periodic VAT return submissions (VAT201)

* Payroll and Payslip processing

* Employee leave management

LARGE
Monthly Package for LARGE companies (excl. VAT)
POA
per month

* Supplier accounts recon

* Customer accounts recon

* Bank accounts recon

* Monthly management accounts

* Annual Financial Statements

* CIPC annual return submissions

* Provisional tax return submissions (IRP6)

* Income tax return submission (ITR14, ITR12T)

* Monthly Payroll tax return submissions (EMP201)

* Bi-Annual PAYE Employers reconciliation returns (EMP501)

* Periodic VAT return submissions (VAT201)

* Payroll and Payslip processing

* Employee leave management