Management and financial accounting

At BDO, our core market is the entrepreneurial sector, represented by ambitious businesses with a high propensity for growth. BDO has developed a model to define the growth process and to diagnose the specific business needs of our clients in each stage of growth. We call our model, the BDO DIAMOND MODEL OF GROWTH. Whether you are Dreaming up the idea of a new business, or Attacking the first stages of business growth, our specialist SME team is there to help you, and to provide the services needed in your particular area of growth. For further details on audit and assurance services, see our Corporate Profile.

KEY SERVICES

• Preparation of business plans, cash flow forecasts
• Assisting in applications to banks and other regulators
• Processing of monthly / annual accounts
• Processing of payroll
• Administration and supplier management
• Set-up of accounting software packages, training and assistance
• Preparation of management accounts
• Preparation of annual financial statements
• Review of accounts and offering of opinions and advice on business planning
• Development of policies and procedures

Whether your business is a household name or you are just starting out, you will have a wide variety of needs. Our partner led team will be carefully selected to work at your side. Discuss your needs with a BDO partner or team leader of your choice:

RECENT DEVELOPMENTS

Did you know? Pastel Accounting software now allows for processing in a 13th period. This 13th period can be set to be the 1st period in your new financial year. This enables a company to continue processing in the new year, while the prior year is being finalised. Once this done, a year end can be run as normal. For queries or further details on this, please contact Warren.

FAQ

Can BDO assist me in the day to day management of my business in the set-up phase whilst I do not have sufficient employees?

YES

I need to register for VAT, Employees Tax, Social Security and so many other statutory requirements. How do I know that I have registered for everything I am liable for?

Talk to our SME manager, Riana. BDO can assist you with all these registrations.

The bank is requesting a cashflow forecast from me. Can BDO assist?

YES, BDO is well positioned to assist you with pre-developed templates which are acceptable to the financial institutions.

I have had a good financial year. How will I know how much to put aside to pay taxes?

BDO can assist in tax planning, and determine your likely tax liability for the future. Contact Riana.

I had a bad financial year, but have no idea how the money I made was spent. How can I see where my money went?

BDO has a special report explaining in plain language how your money was made and where it went, making a cashflow statement easy to understand. We can provide you with the GOLD REPORT, as part of your annual financial statements, or on request.

I am thinking of taking in another partner or selling my business. What is the value of my business?

BDO has various valuation models used to determine the value of entities. Contact one of our partners to assist you.

For any further details on these questions, or any other questions you may have, contact us.