Accounting Services

We can assist you to take control of your Accounting so You can
Focus on running Your Business

We’re accountants, and we enjoy crunching numbers, but as a small business owner, chances are you don’t. In fact, you most likely started your company because you had a fantastic product or service to offer, not because you were enthusiastic about cash flow analysis, profit and loss accounts, budget forecasting, or strategic tax planning. We’ve come to do just that

We’ll take care of the accounting. You receive all of the benefits of hiring an experienced financial executive without the added expenditure when you work with our team of seasoned tax and accounting professionals.

We help you take financial control of your business by meeting with you regularly, quarterly, or once a year. This allows you to focus on your main business tasks and make educated decisions about your financial future.

We’re here to assist you in achieving your business objectives.
Our mission as your trusted financial advisor is to assist you in achieving your goals. If you’re ready to take your company to the next level, improve cash flow, increase profitability, and focus on growth, we’re here to help.

If you have any questions, please contact us below. We’re delighted to assist!

ONLINE ACCOUNTING QUOTE
Our Accounting Services
  • Generate reports and analyse financial data
  • Examine your cash flow and improve profitability
  • Preparation of Budgets
  • Strategic tax planning and financial forecasting
  • Setup of Accounting Systems & Chart of Accounts
  • Internal controls
  • Monthly, Quarterly and Annual Financial Statements
  • Custom financial reports to suit your business
  • Bookkeeping Services
Our Specialties
  • Accounting
  • Taxation
  • CFO Services
  • Payroll Services
  • Financial Statements
  • CIPC Service
  • QuickBooks and Xero 

Monthly Accounting Service Packages

Starter Package

starting from

R1,800

/month

  • Estimated revenue per year <R500k
  • Bookkeeping – Monthly from bank statements
  • Debtors Listing
  • Electronic Invoicing
  • Monthly Recons
  • Monthly Reports
  • Annual Financial Statements
  • SARS Tax Returns & Tax Pins
  • Cloud Accounting Software (x1 user)
  • Support
Free quote
Standard Package

starting from

R2,800

/month

  • Estimated revenue per year <R1m
  • Bookkeeping – Monthly from bank statements & all transactions
  • Debtors and Creditors Listing
  • Electronic Invoicing
  • Fixed Asset Register
  • Monthly Recons
  • Monthly Reports
  • Annual Financial Statements
  • SARS Tax Returns & Tax Pins
  • Cloud Accounting Software (x1 user)
  • Support
free quote
Premium Package

starting from

R4,200

/month

  • Estimated revenue per year <R1,5m
  • Bookkeeping  – Daily from bank statements and all transactions
  • Debtors and Creditors Listing
  • Electronic Invoicing
  • Fixed Asset Register
  • Monthly Recons
  • Monthly Reports
  • Annual Financial Statements
  • SARS Tax Returns & Tax Pins
  • VAT Preparations and submissions
  • Virtual CFO (1 session per month)
  • Cloud Accounting Software (x1 user)
  • Priority Support
free quote

Are there any more plans available?

We also offer custom quotations. For all companies with an annual turnover of more than R1,5m or for enquiries on our once-off service offerings, please click the button below to do an online quote for your convenience.

ONLINE ACCOUNTING QUOTE

Plan Discounts

We offer a 10% discount on all our annual monthly accounting services packages.

Benefits of our monthly accounting services

Petersen Business Solutions – the Expert Accounting Services in Cape Town!

Accounting Services to Elevate Your Financial Management

Why juggle business operations and financial management when you have us? We love to crunch numbers so you don’t have to. Free up your time and focus on what truly matters: growing your business. At Petersen Business Solutions, our seasoned tax and accounting professionals provide solutions that give you the benefits of a dynamic financial team without the expensive overhead.

Accounting Services: We’ve Got You Covered

From generating critical financial reports to comprehending your cash flow, our accounting services have got you covered. Whether it’s daily bookkeeping, strategic tax planning, budget forecasting, or preparation of financial statements, we make accounting seem a breeze. Your goals become our mission as we mould our services to help you maximise cash flow, increase profitability, and prepare for growth.

Customised Accounting Services for Your Unique Business

Find yourself in need of specific financial expertise? We cater to that as well! Our specialties extend to CFO Services, Taxation, Payroll Services, Financial Statements, and CIPC Service. Whether you need guidance on QuickBooks or Xero, or looking for a virtual CFO, we are your one-stop shop for all things financial!

Monthly Accounting Packages – Designed Just for You

We understand that every business has unique needs. That’s why we offer customised monthly plans designed to cater to your specific accounting requirements.

  1. Starter Package – Perfect for budding businesses, it offers bookkeeping, electronic invoicing, monthly reports, and more.
  2. Standard Package – Aimed at growing businesses, it extends the Starter package benefits to include fixed asset register management and more.
  3. Premium Package – Ideal for established businesses, this package offers all the services in the Standard Package with the addition of VAT preparations, submissions and access to a Virtual CFO.

Why Choose Our Accounting Services?

Enjoy stress-free financial management with our holistic accounting services, orchestrating your business’s finances for optimal growth. Ready to embark on a journey of steady financial management with Cape Town’s modern accounting team? Contact us today for your customised quotation, and let’s build a financially sound future for your business together.

Got a question?
No problem.

Ask away if you have any questions before switching to Petersen Business Solutions’ virtual bookkeeping and online accounting services. We’ll be pleased to answer any queries you may have.

There are a few common questions we get about our bookkeeping and accounting services. See if your question has been answered in the section below. If not drop us a line and we will be happy to assist.

Frequently Asked Questions

When should I contact an accountant?

As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business’s organization, tax purposes and operations, along with target pricing and profit margins.

What are my options for raising money?

Get some impartial advice from an accountant before you consult the bank. They can help you prepare a strong business plan, organise financial records, and provide guidance on the best approach to raise funds for your business.

How can I know which accountant is right for me?

Does your accountant return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right accountant, the answers should be a resounding “Yes!”

Why should I switch from my current accountant?

The word is complacency. We are sure your current provider is happy to meet with you once a year, sign your annual tax return and pass you an invoice, but are they really looking to help you succeed? We are nothing like this. We want to help you achieve your business goals. We have a vast array of business knowledge in many different industry sectors, which could apply to your firm. Remember when you took the bold risk and started your business and what you wanted to achieve, our aim is to exceed those goals!

If you do my books, what reports can I expect to get?

We will provide you with a full set of management accounts that will enable you to make inform and clear decisions regarding your business and financial position. Included in our monthly management pack:

  • Executive Summary
  • Balance Sheet with results for PY, YTD and forecast to budget
  • Detailed Statement of Profit and Loss with results for PY, YTD and forecast to budget
  • Statement of Equity (NAV)
  • Cash Flow Statement and Forecast
  • Debtors and Creditors Age Analysis
  • Financial, Solvency and Liquidity ratios
  • Human resource information
  • Notes and supplementary information
  • Tax Pack

Are you guys qualified accountants?

We are registered accountants with years of experience doing books and financials for various clients ranging from retail, service orientated, manufacturing, construction, farming activities, investment property companies, sole proprietors, schools, NPO’s, E-commerce etc.

We are also registered tax practitioners with SARS and our main controlling body is with SAICA.

What accounting services do you offer?

We offer a comprehensive range of accounting services, including generating reports, analysing financial data, assessing cash flow, improving profitability, preparing budgets, strategic tax planning, financial forecasting, setup of accounting systems & chart of accounts, internal controls, and providing monthly, quarterly, and annual financial statements. We also specialize in bookkeeping services.

What are your specialties?

Our specialties encompass a range of financial services, including accounting, taxation, CFO services, payroll services, financial statements, CIPC services, and expertise in setup of QuickBooks and Xero.

How can your accounting services benefit my business?

By working with our experienced team of tax and accounting professionals, you can enjoy the benefits of having a financial executive without the added expense. We help you take financial control of your business, allowing you to focus on core tasks and make informed decisions. Our services can improve cash flow, increase profitability, and provide strategic guidance for growth.

How often will we meet or communicate?

We offer regular meetings tailored to your needs, whether they are quarterly, monthly, daily or on an annual basis. This allows us to provide ongoing support and guidance, keeping you informed about your financial status and helping you navigate your business’s financial future.

If you have any further questions or require assistance, please don’t hesitate to contact us. We are committed to helping you achieve your business objectives and are delighted to assist you with all your accounting needs.

Cloud Accounting

What is cloud accounting?

Cloud accounting refers to the use of online software to manage and store financial data securely. It allows businesses to access and update their financial information anytime, anywhere, as long as they have an internet connection. Cloud accounting software streamlines processes, automates tasks, and provides real-time insights for better financial management.

How can cloud accounting benefit my business?

Cloud accounting offers several benefits, including:

  • Accessibility: You can access your financial data anytime, from any device with an internet connection.
  • Collaboration: Cloud accounting software allows multiple users to collaborate and work simultaneously on financial records.
  • Real-time Updates: All financial data is updated in real-time, providing you with accurate and up-to-date information for decision-making.
  • Automation: Cloud accounting automates manual tasks such as bank reconciliations, invoicing, and expense tracking, saving time and reducing errors.
  • Scalability: Cloud accounting software can scale as your business grows, accommodating additional users, transactions, and features as needed.
  • Data Security: Cloud accounting platforms prioritize security, with data encryption, secure servers, and regular backups to ensure data protection.

Is cloud accounting suitable for a small business?

Absolutely! Cloud accounting is particularly beneficial for small businesses as it offers cost-effective solutions with low upfront investments. The software is user-friendly, requires minimal IT infrastructure, and eliminates the need for manual data entry and traditional paper-based record-keeping. Cloud accounting enables small businesses to efficiently manage their finances and make informed decisions for growth.

How secure is cloud accounting?

Cloud accounting providers prioritize security measures to protect your financial data. They utilize data encryption, secure servers, and regular backups to ensure data integrity and confidentiality. Cloud accounting platforms are often hosted in highly secure data centres that have robust security protocols and monitoring systems in place. However, it’s important to choose reputable cloud accounting providers and implement strong password practices to further enhance security.

Can I integrate cloud accounting software with other business tools?

Yes, most cloud accounting software allows integration with various business tools and applications. For example, you can integrate your cloud accounting software with payment gateways, e-commerce platforms, point-of-sale systems, payroll services, and customer relationship management (CRM) software. Integration enhances efficiency, reduces manual data entry, and provides a seamless flow of information across different business functions.

How can I migrate from my current accounting system to a cloud accounting?

Migrating from your current accounting system to cloud accounting can be a smooth process with the right approach. Consult with a cloud accounting service provider or an experienced accountant who can guide you through the migration process. They can help you transfer your data, set up the new software, and ensure a seamless transition without disruption to your financial operations.

What kind of support and training is available for cloud accounting?

We as Cloud accounting providers, offer customer support and training resources to assist users. This may include online tutorials, user manuals, webinars, and responsive customer support teams to address any queries or issues you may encounter. Additionally, working with us as an accounting professional who specializes in cloud accounting can provide personalized assistance and guidance to optimize your use of the software.

If you have any further questions or require assistance with cloud accounting services, please don’t hesitate to contact us. We are here to help you leverage the power of cloud accounting for your business’s financial success.

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