We have the knowledge and experience to prepare quality financial statement that you will feel confident presenting to any stakeholder.

While directors are often not involved in the minutes details of preparing financial statements, the new companies Act and international Financial Reporting Standards (IFRS) place increased onus and liability on directors to ensure compliance.

You need financial statements, prepared independently by someone who understands and stays up-to-date with regulatory requirement. We have the expertise and extensive experience to assist you with the timely preparation of accurate financial statements.

Why should you out source your financial statement preparation? Preparing financial statements that fully compliant with companies Act and International Financial Reporting Standards ( IFRS) is time consuming, by outsourcing you will:

• Reduce cost and improve operational efficiency within your business
• Reduce the workload of your finance department, so they can focus on more important matters
• Eliminate the need to invest in software and training to prepare financial statement.

We understand the importance of producing accurate financial statements and know how to achieve this.

Our understanding comes from working with various clients in a broad range of industries which enable us to prepare error free financial statements that will assist you to make better financial decision.

Sanamik Accountants ensures that the best accounting developments, changes in IFRS and requirements as set our by the Companies Act are incorporated into financial statements.

. Our strong relationship with the software developers ensure that we have access to and use the most up-to-date templates and technical support what we deliver:

• Quality Financial statements for both private and public companies, funds and other organisations obliged to prepare financial statements.
• Compliant financial statements that are ready to be audited
• We offer this service to
• Listed companies
• Private companies
• close Corporations
• Sole traders
• Partnerships
• Tusts
• Municipalities
• Government agencies and
• State owned entities ( SOEs)

Preparation of annual financial statements facilitation of the audit on your behalf Preparation of interim financial statements Representation as Accounting Officers.

Preparation of the audit file in preparation for audit.

Bookkeeping

We offer a number of in-house accounting service so that you can focus on what you do best managing and building your business.

We handle primary books of accounts, payroll, VAT returns, levies and all other areas of the accounting function and deliver monthly reports, annual financial statements and taxation reports.

• Data capturing from source documents
• Client set up of accounting software
• Train the client proper filing systems and archives
• Facilitate document retention for the client

Management Accounting and Consulting

Sanamik Accountants offers a wide range of consulting services to assist your organisation with its business needs.

Our focus areas includes: business development budgeting and financial planning, purchasing of fixed assets and merges & acquisitions.

Business development This embraces a broad spectrum of needs and requirements all of which we are proud to say Sanamik Accountants is able to assist with some of the more pressing issues in terms of new business and old would be:

• Locating, focusing, introducing and identifying areas of growth
• Advice on available sources of finance
• Assistance in negotiating with, and preparation of financial proposals to, financiers
• installation of effective management and reporting systems
• Advice on government and local authority incentives
• Tax advice
• Acquisitions and group development
• Advice on staffing and personnel policy

Budgeting and financial planning

In order to run any aspect of life effectively it is necessary to have a sense of direction and control through the use of effective budgeting, new ideas and formulations.

. We can assist in preparing budgets and cash flow forecasts which can be utilized in the future management of your affairs.

Purchasing of fixed assets

No matter what asset is being purchased there is frequently a more effective way to structure the financing in terms of tax implications, financial assistance, legal contracts insurance and the long-term effect and strategy on monitoring and maintaining the purchase.

Mergers & acquisitions

We have considerable experience in the negotiation process, financial assessments and implications of successfully orchestrating both mergers and acquisitions.

We will also assist with the evaluation and implementation of management buyouts. Our Legal Department will deal with all aspects of the agreements.

Independent business and strategic performance reviews

Our independent review will result in a report to stakeholders on the viability of the business, conclusions and actions required and recommendations on how to restore profitability or how to limit further costs and financial exposure.

Such a review could be valuable if a business:

• regularly exceeds its bank facility limits
• is in breach of lending covenants
• is suffering regular liquidity shortages
• has difficulty raising cash and has exhausted all immediate sources of funding
• is exceeding credit terms with suppliers
• is incurring significant and regular trading losses
• has lost the support of critical stakeholders from owners to funders
• is not producing reliable financial and trading information for key stakeholders on
• frequent and regular basis.

Through independent analysis and expert insight, we can help rebuild trust between a business and its stakeholders.

Strategic performance reviews

Strategic performance reviews analyze the key drivers of performance improvement.

Our specialists utilize a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.

Strategy, development and planning (including infrastructure advisory) Our solutions are designed to provide support throughout a project, program and organizational life-cycle.

From initial phases of strategy development, feasibility studies, alternatives analysis, development of business cases, capital planning and investment portfolio management to final impact assessment and evaluation, we work with our clients to deliver on time and within budget.

We have developed best practices to facilitate program communications, collaboration and cooperation that promote the roll-out of program and project activities in a controlled fashion.

Our experience, flexibility and deep understanding of the needs of government allow us to deliver a bespoke solution every time.

Our services include:

• Strategy & policy development
• Transaction advisory (incl. PPP)
• Infrastructure & development planning
• Feasibility studies & business plans
• Financial modeling / forecasting
• Economic development
• Research-based consulting
• Public sector risk management

Drafting monthly management accounts Reporting to management on a monthly basis Set up performance measures for the client as well as tracking the KPIs on a monthly basis Strategy analysis and formulation Analysis of client operations and advice on improved efficiency

Corporate Finance

Our corporate finance team is capable, committed and creative. We understand the needs of your business and the context in which it operates.

. Our specialized Knowledge and expertise ensure that you make smart business decisions based on accurate analysis and experience.Our corporate finance experts will assist you in making decisions that are crucial to a well-managed and profitable enterprise in the following areas:

• Mergers, acquisitions and disposals
• Financial and tax due diligence
• Listings
• Valuations
• Regulatory support
• Management buy-outs
• Corporate restructuring
• New business formations

Merges, acquisitions and disposals

Whether you’re the buyer or the seller, our team will investigate potential opportunities, analyse the risks, threats and industry and offer creative solutions and recommendations.

Financial and Tax due diligence

We perform due diligence reviews to assist you with regulatory requirements, tax structuring and financial modeling. we also act as intermediaries in closing transactions and assist in finding prospective buyers and sellers.

. Our expertise is not limited to the local market – if the potential business activity takes place internationally we draw on the resources of our associate companies around the world to offer you the best solution.

Listings

We assist with your company listing by planning the most appropriate corporate and capital structures in conjunction with other professional advisors.

. we issue the accountant’s reports for a prospectus and ensure that you comply with the necessary regulations in a cost-effective manner.

Valuations

We performs numerous valuations of shares and businesses for various purposes. We also perform valuations for purchase price allocations and of derivative instruments such as options.

Regulatory Support

LBA Accountants performs fairness opinions as required by the JSE Listing Requirements and fair and reasonable opinions necessitated in terms of the Companies Act.

We do act as reporting accountants for listed companies involved in transactions and issuing circulars.

Management buy-outs

Whether you need to the-list, buy out minorities or need to structure a management inquiry share program, we can assist you We also advise on share incentive schemes, capital raising, suitable business structures, black economic empowerment, shareholder issues and buy-backs.

Corporate Restructuring

Our services span corporate structures, strategy and direction, internal organization and controls, recruitment and succession, cost and price analysis, capital expenditure planning and business valuations.

New Business Formations

Your new business needs to be built on a solid foundation, with a suitable business structure and expert guidance. We can lead you through the myriad challenges and questions confronting your new venture- from preparing business plans, sources of finance, marketing plans, cash control management accounting, appraising new investments, applying computer technology to decentralizing incentives, taxation and personal financial matters.

Merges, acquisitions and disposals facilitation and support Financial and tax due diligence pending business combinations Facilitation of compliance for listings Valuations of companies, licenses, assets Regulatory support Facilitation of new business formation

Financial Training

A highly skilled and knowledgeable workforce is vital for all private, public and government organizations.

Training is necessary to ensure that correctly skilled people are able to provide excellent service delivery externally and achieve clean audit status internally.

Organizational development requires a constant forward-looking process in order to prepare resources to achieve government growth objectives.

This is key to delivering quality services relevant to the ever-changing environment including technology, knowledge, workforce and demands for sustainable performance.

At Sanamik, our Accountants will create tailored and innovative solutions that will ensure your human capital achieves their and your growth objectives.

Our services include:

Human capital consulting

• change management strategies
• organisational development
• skills audits
• assist clients to set up workplace skills development committees (WSDC)
• develop client’s workplace skills plans (WSP).

Training courses

• accounting courses
• skills programs project management
• skills programs business management
• report writing and minute taking
• non-accredited courses including workshops, seminars, symposiums and conferences.

Data capturing

Accounting packages

Filling

Soft skills