by Amogelang Nawa | Mar 1, 2020 | Gamers Reflections
You actually don’t need bank statements provided that you have an accounting system which can be linked to your business bank account through bank feeds. This means every transaction occuring on your bank account will automatically be loaded on to your...
by Amogelang Nawa | Feb 27, 2020 | Gamers Reflections
Sipho got his receipts reprinted and went on his online banking to draw bank statements so he can pick up other expenses and income which have no invoices however he quickly realised that the bank is limiting him to bank statements for the past 3 months and that for...
by Amogelang Nawa | Feb 24, 2020 | Gamers Reflections
Sipho decided to call Madimetja to find out if it is a big deal if he cannot find receipts of expenses relating to the 2nd project. Madimetja advised him to request a copy of the invoices lost from his suppliers and that going forward (while still in search of an...
by Amogelang Nawa | Feb 22, 2020 | Gamers Reflections
Keeping proper records means that:(1)you can refer to your previous projects to appropriately price for future projects. (2) you will also be able to determine whether the project was profitable or not and reflect on what went well and areas of improvement.(3)...
by Amogelang Nawa | Feb 20, 2020 | Gamers Reflections
SARS requires that records be kept for at least 5 years. Should SARS audit you within the 5 year period, you will be required to share them.Also most importantly you need these records to run your business as you may have to refer to your records in future.Gamer: what...
by Amogelang Nawa | Feb 20, 2020 | Gamers Reflections
Sipho lost receipts of his 2nd project were he spent around R 4 million, he is thinking what are the repercurssions of this, should he be worried or can he live without having these receipts.Gamer, should Sipho be worried?Empower yourself, grow your business!
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