Accounting & Bookkeeping

Bookkeeping covers day-to-day transaction records (invoices, receipts, bank entries), while accounting covers analysis, financial statement preparation, and tax planning based on that bookkeeping data.

Companies qualifying as dormant or meeting the Small Company criteria under the Companies Act 2016 may be exempt from audit, but still need to prepare unaudited financial statements for filing.

Monthly updates are recommended so financial statements stay current, making cash flow monitoring and tax/SST compliance easier without a year-end scramble.