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FAQ

Credibly innovate granular internal or organic sources whereas high standards in web-readiness. Energistically scale future-proof core competencies vis-a-vis impactful experiences. Dramatically synthesize integrated schemas with optimal networks.
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Where are you located?

We have 2 branches in Zimbabwe -
Harare, Bulawayo & 1 branch in Durban, South Africa.
What is accounting?

Accounting is the process of organising, regulating, documenting and evaluating an individual’s or business’s financial records.

On a personal level, accountants can advise on financial decisions such as investments, loans, savings or potential salaries. On a professional level, accountants can deal with payroll, audits and tax obligations for businesses of any size, from sole proprietorships to large multinational corporations.

Accounting terminology

In accounting there can be a fair amount of terminology and financial jargon. To get your head around some of the terms commonly used, please see our accounting glossary.

What will an accountant need to know about my finances?

In order for an accountant to gain a comprehensive idea of your or your business’s financial state, you will need to provide certain information. Accountants handle 5 main parts of a business’s finances: Assets, Liabilities, Equity, Expenses and Income.

Are there different types of accounting?

Yes, there are two main types of accounting:

A financial accountant will gather financial data into financial statements. These statements will be used to organise all records required by internal and external stakeholders.

A management accountant will use a business’s financial information to aide managers with any business decisions such as expansion, change of direction, merging, collaborations etc.

Am I legally required to have an accountant?

Having an accountant is absolutely not a legal requirement for small companies, so hiring one is not a necessity. Providing detailed and accurate records of your business, however, is.

The only time there is a legal requirement is if the company is big enough to require an audit.

The Benefits of Avantage

Credibly reintermediate backend ideas for cross-platform models. Continually reintermediate integrated processes through technically sound intellectual capital.
Can I do my own accounting?

It is perfectly possible for you to do your own accounting, yes – but only if you know exactly what you’re doing. When it comes to DIY accounting, you’ll need to know all the rules, all the deadlines and all the standards. For more information about how to handle your own accounts, please visit our accounting services pages.

What are the benefits of hiring an accountant?

If you are struggling to keep up with your business’s financial accounts, or wish to focus more on other aspects of your business, then you may want to consult an accountant for help. An accountant will undertake all accounting duties and remove the responsibility of tax deadlines from your shoulders, freeing up your time and energy so that you can concentrate on other parts of your business.

How could an accountant help my start-up business?

Starting a new business can be a monumental task. A start-up involves, along with a million other tasks, market researching, choosing a company name, designing logos and business cards, branding, networking and product sourcing. It’s easy to get carried away with aesthetics and forget about the numbers. An accountant can get your business running, show you the ropes, free up your time and avoid any mistakes that that could be detrimental to a young business.

How could an accountant help my expanding business?

Proprietors thinking of expanding their businesses, whether to move abroad, upgrade to bigger offices, provide more services or take on more employees, need to handle the transition process delicately. Making the wrong decisions at this transitory stage could ruin the whole business. An accountant will help proprietors control costs by drawing up realistic budgets and using evidence to determine whether or not the planned changes are likely to benefit the business.

How could an accountant help with my personal finances?

Accounting isn’t just for businesses. As an employee, you may face certain points in your career where expert financial advice could come in useful. For instance, an accountant could help with tax, pensions or salary and job changes. In day to day life, situations arise where we may need to spend or handle a substantial sum of money- like marriage, planning to have children, getting a mortgage, handling savings, inheritance and so on.

People who earn substantial amounts of money may benefit from consulting an accountant. An accountant can help with distribution, taxes, investments, shares etc. Remember you only have to book a short appointment every once in a while – hiring an accountant is not the same as employing an accountant. Two hours of advice at crucial times in your life could make a positive difference to your life decisions.

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Aesthetic Laser Centre. All rights reserved.

Aesthetic Laser Centre. All rights reserved.