You keep a small business's financial records up to date, usually every month.
Typical monthly work
- Capture income and expenses from bank statements, invoices and slips.
- Reconcile the bank account.
- Send invoices and follow up on unpaid ones.
- Give the owner a simple monthly report.
- Who pays
sole traders, small shops, salons, builders, consultants and small companies who don't need a full-time bookkeeper.
- How it's priced
by the number of transactions a month, or by the hour for catch-up work.
- The legal line
giving tax advice or completing tax returns for clients for payment needs registration as a tax practitioner with a recognised controlling body and SARS. Bookkeeping on its own does not.
A good sign: one monthly client within one to two months.