Industries
At Path Accountants, we take great pride in the depth of our expertise, which empowers us to deliver exceptional services across a diverse spectrum of industries. Our unwavering commitment to understanding the intricacies and nuances of various sectors allows us to provide tailored solutions that address the unique challenges faced by businesses in each industry
Industrial & Engineering
The engineering industry is at the forefront of technological advancements.
Insurance & Financial Services
We specialize in providing accounting solutions tailored specifically to this industry.
Electrical & Maintenance
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Training & Develpment
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Business services
Financial Reporting
At our firm, we specialize in the preparation of financial statements that adhere to the globally recognized standards of IFRS.
Accounting
We offer comprehensive accounting services tailored to meet the unique needs of businesses across various industries.
Bookkeeping
We offer comprehensive training and mentorship programs for individuals seeking to become accountants with their own clients.
SARS & CIPC
We are registered tax practitioners. We are the go-to people for all your tax matters, tax compliance, tax clearances and CIPC.
Tax Returns
Our tax practitioners will help you will your tax returns, both for companies and individuals.
Bookkeeping Master Class
Unlock the art of bookkeeping with our exclusive master classes. Learn from industry experts and gain comprehensive insights into the world of bookkeeping.
Tax Master Classes
Join our easy-to-understand tax master classes! Learn from experts who will give you all the ins and out on how to stay compliant with all SARS matters.
CIPC Matser Classes
We train you on how to register your clients’ companies, CIPC returns, BEE, CIPC Annual Returns, SARS Tax Clearance and Letter of Good Standing(COIDA).
Doing the successful thing,
at the right time.
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.”
“The greatest glory in living lies not in never falling, but in rising every time we fall.”
“The biggest risk is not taking any risk. In a world that is changing quickly, the only strategy that is guaranteed to fail is not taking risks.”
“You don’t have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream.”
“The best businesses come from thinking about what we really love to do and what we want to do on a daily basis.”
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Evidentiary RoleSource documents, such as receipts, invoices, and bank statements, serve as proof of transactions. They provide evidence of financial activities. -
Types and VarietySource documents encompass a wide range, including sales invoices, purchase orders, contracts, bank statements, receipts etc. -
AuthenticityThey are primary and original records created at the time of a transaction, ensuring their authenticity and accuracy.
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Basis for RecordingThese documents form the basis for recording entries into accounting systems, ensuring that transactions are accurately recorded. -
Audit PurposesSource documents are essential during audits or legal investigations, providing support for financial transactions and ensuring compliance with regulations. -
RetentionMaintaining and organizing source documents is critical for proper record-keeping and compliance purposes.
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RecordingIt involves the systematic and accurate entry of financial transactions from source documents into the accounting system.
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ClassificationTransactions are categorized and coded based on accounting principles, allocating them to relevant accounts for proper analysis.
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Double-Entry AccountingEach transaction affects at least two accounts, ensuring accuracy and maintaining the balance in the accounting equation
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PostingTransactions are posted to appropriate accounts and summarized in financial statements, providing a clear overview of financial performance and position. -
Internal ControlsProcessing includes establishing internal controls to prevent errors, fraud, or misstatements in financial records, ensuring accuracy and reliability.
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ReconciliationRegular reconciliation of accounts, such as bank reconciliations, helps identify discrepancies between records and actual balances and ensuring accuracy.
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Financial StatementsReporting involves presentation of financial statements like the balance sheet, income statement, cash flow statement, and statement of changes in equity.
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External ReportingThese reports are distributed to external stakeholders, such as investors, creditors, regulators, and the public.
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Internal ReportingManagement reports are generated for internal use, providing insights to aid decision-making, strategizing, and planning within the organization.
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Regulatory ReportingFinancial reports are prepared in compliance with accounting standards (e.g., GAAP, IFRS) and regulatory requirements to ensure transparency and accuracy.
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Comparative AnalysisReports enable comparative analysis, allowing stakeholders to compare current performance with previous periods or industry benchmarks for evaluation.
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Decision SupportFinancial reports serve as a basis for making informed business decisions, guiding management in planning, budgeting, and forecasting future strategies and goals.
Siyabonga Nxumalo
What makes us different
01
Comprehensive Industry Expertise
Our firm stands out for its extensive knowledge and experience across diverse industries.
02
Holistic Approach to Client Success
We take a holistic approach to client success and going beyond expected standard accounting services.
03
Training and Mentorship
What sets us apart is our dedication to fostering talent and nurturing the next generation of accountants.
Building enduring value through bold strategies
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Schedule a free business consultation
1 Bentel Avenue
1st Floor, Jansen Park
Boksburg 1459
+27 10 825 4431
info@pathaccountants.co.za
