Affordable Bookkeeping, Accounting and Payroll Services

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  • Published date: June 11, 2019
    • Brackenfell, Cape Town, Western Cape, South Africa

Skytrax Accounting and Payroll Services (www.skytraxaccounting.co.za) is a firm based in Cape Town and Johannesburg. Understanding your business is of paramount importance to us at Skytrax Accounting and Payroll & HR Services. We specialise in delivering a flexible and efficient Bookkeeping, Accounting, Payroll & HR and Virtual Administration Services at a fraction of the costs traditionally associated with them, so we can help to grow your business. These can be used both off-site and on-site to manage day-to-day Bookkeeping for small to large businesses, or scaled to deliver running an entire Finance function of a business. We have 20+ years of combined experience, and continually invest in developing our knowledge and experience in areas necessary to serve you with excellence. We take the ache out of your headache and able to find a client focused solution “for your headache” in a timely and reliable manner with the utmost integrity and precision.

Monthly Bookkeeping and Accounting duties:

Bank and petty cash processing and reconciliation.General Ledger Journal processing and reconciliation.
Debtor billing (Accounts receivable) and Creditors (Accounts payable), processing, reconciliation and age analysis review.
Stock Control processing and review.
Maintaining the fixed asset register and wear and tear register.
We have the expertise and knowledge to deal with Forex accounting issues.
Preparation of budgets and forecast.
Preparation of monthly management accounts, which includes Income statement, Balance sheet, Cash Flow Statement and Ratio analysis.
Complete year end procedures required for the external audit to ensure compliance with International Financial Reporting Standards
Calculation, completion and submission of VAT 201 via E-Filing to SARS.
Trust bank account accounting services provided for Law Firms and Real Estate Agencies to ensure compliance with the various Board requirements.


Payroll Duties:
Processing of monthly salaries and wages for weekly and fortnightly employees including preparation of payslips
Administration of leave
Processing of overtime, loans, bonus schedules, advances, travel claims, retrenchments and directors fees
Processing of and administering of changes (such as banking details) in respect of individual employees
Salary structuring and advisory services
Preparation and completion of the following monthly documents and reports:
SARS EMP 201declaration (PAYE,UIF and SDL) submission via E-Filing
UIF return to the Department of Labour
Third party payment reports ( Pension, Medical Aid, Garnishees etc)
Preparation and submission of the following yearly documents:
Preparation of IRP5 and IT3 tax certificates
Preparation and submission of EMP501 reconciliation (Bi-annual and Annual) via Easyfile.
Occupational Injuries and Diseases Return (OID previously known as Workman’s Compensation)
Quarterly reports to Statistics SA.

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