At Collins Sebola Incorporated

At Collins Sebola Incorporated, we have found QuickBooks accounting software to be user friendly and does not require your employees to hold degrees to work on it. That is why we endorse its use to all our clients. Try it today and see what happens to your business. With it you...

If your business is registered for turnover tax

You should keep the following documents: Amounts received during a year of assessment Dividends declared during a year of assessment Each asset at the end of a year of assessment with a cost price of more than R10 000. Each liability at the end of a year of assessment exceeding...



List of records

Your business records must include all of the following: Records that show the following: Assets Liabilities Undrawn profits Loans A register of fixed assets Statement of annual stocktaking Detailed daily records of cash receipts and...

Record-keeping

Record your INCOME and EXPENSES accurately. Here are some of the things you must record: Invoices issued to your customers Daily cash sales Investment incomes Bank statements Invoices received from your suppliers Till slips Bills Paid...