After year end.
For SMEs.
Score threshold.
Annual return.
Critical Problems We Solve
Effective financial management isn't just about balancing books; it's about removing the friction points that stall your business growth.
Bank rejections due to missing or non-compliant AFS
Late filing penalties from CIPC
Inability to file ITR14 without supporting financials
Director liability for inaccurate statements
IFRS for SMEs vs Full IFRS
Most South African SMEs use the simplified IFRS for SMEs framework. It is less complex than Full IFRS (used by listed companies) but still internationally recognized.
We determine the correct framework for your company based on your Public Interest Score and whether you have external investors. Using the wrong framework can invalidate your financials.
- Framework selection
- PI Score calculation
- International recognition
- Simplification benefits
The Public Interest Score
Your PI Score determines whether you need an audit, an independent review, or just a compilation. It is calculated based on your turnover, number of employees, and number of shareholders.
Score over 350 = Audit. Score 100-349 = Independent Review. Score under 100 = Compilation only. We calculate this for you every year.
- PI Score calculation
- Audit vs Review vs Compilation
- Annual assessment
- Cost implications
Bank-Ready Financials
When you apply for a business loan, overdraft, or asset finance, the bank will ask for your latest AFS. But not just any AFS. They want to see specific ratios: Debt-to-Equity, Current Ratio, and Gross Profit Margin.
We prepare your AFS with these ratios in mind, ensuring your financial story is presented in the strongest possible light.
- Ratio analysis
- Debt-to-Equity optimization
- Current Ratio presentation
- Lending readiness
Who Is This For?
- All registered Pty Ltd companies
- Closed Corporations (CCs)
- Non-Profit Companies (NPCs)
- Companies applying for finance or tenders
Engagement Requirements
- Complete and reconciled bookkeeping records
- Fixed Asset Register
- Loan agreements and schedules
- Bank confirmations
Deliverables & Results
- Statement of Financial Position (Balance Sheet)
- Statement of Comprehensive Income (Profit & Loss)
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes to the Financial Statements
- Independent Review Report (if required)
South African Compliance Context
"Creations transformed how we handle SARS. No more compliance anxiety."
Trusted Resources
Our Operational Methodology
A structured, 5-step approach designed for precision and clarity.
We finalize your Trial Balance, ensuring all year-end journals (depreciation, accruals, prepayments) are processed.
We compile the financial statements in accordance with IFRS for SMEs or the applicable framework.
A senior accountant reviews the statements for accuracy, consistency, and compliance.
We deliver the signed AFS to you, ready for submission to SARS, your bank, or CIPC.
Professional Insights
The most common reason banks reject loan applications is outdated or poorly prepared Annual Financial Statements.
Your AFS is not just for SARS. It is a legal requirement under the Companies Act, Section 30.
Directors are personally liable for the accuracy of AFS. We help you discharge this duty with confidence.
Common Questions
Everything you need to know about our annual financial statements (afs) service.