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A Fin24.com user writes: I own a small (micro) manufacturing business with a monthly turnover of about R30 000.00 a month.
I started the business about four years ago and have been paying an accountant R1 200 a month to do the books.
Is this necessary for a business of this size?
What other options do I have?
Kobus Engelbrecht, marketing manager of Sanlam Cobalt, answers:
It is definitely necessary to have updated business records at all times.
A quick search on the internet shows that you can buy the accounting software you need for less than R1 000.This will enable you to do your own books and effect a cost saving of R13 400 in the first year and R14 400 per year thereafter.
Sanlam Cobalt Solutions for business owners is an integrated financial service that ties up all the loose ends, allowing entrepreneurs to focus on running their businesses. Sanlam Cobalt can assist with financing, investment advice, bookkeeping, legal services, information technology, risk protection, financial management and tax solutions.
Call 0860 100539 or visit www.sanlam.co.za/cobalt.
- Fin24.com