Vatco Consulting Services
Get Professionally Prepared Financial Statements Today
Accurate, CIPC-compliant financial statements prepared fast — perfect for tenders, audits, funding and strategic business decisions.
Providing Quality Services
with Experienced Consultants
1. Schedule A Consultation
Visit our website and schedule a consultation with one of our experienced accountants.
2. Discuss Your Financial Goals
Our team will sit down with you to discuss your financial needs and goals, and develop a customized plan to achieve them.
3. Watch Your Business Thrive
We’ll work with you to implement the plan and ensure that your business is thriving financially.
Contact us at the Vatco nearest to you or submit a business inquiry below.
What Are Financial Statements?
Financial statements are official reports that reflect the financial performance and position of your business over a specific period. These reports help you understand how your business is performing, fulfil your compliance duties with SARS and CIPC, and support funding or tender applications.
At Vatco, we prepare full sets of financial statements that comply with South African financial reporting standards – accurate, timely, and tailored to your business needs.
What’s Included in Our Financial Statements Service?
✅ Statement of Financial Position (Balance Sheet)
✅ Statement of Profit and Loss (Income Statement)
✅ Statement of Changes in Equity
✅ Cash Flow Statement
✅ Notes to the Financial Statements
We compile your reports using verified bookkeeping records, and ensure everything meets regulatory standards and lender expectations.
Why Financial Statements Matter
💼 For Business Loans: Banks and investors use these to assess your financial health.
📁 For Tax Filing: SARS requires financial reports for annual income tax returns.
📑 For CIPC Compliance: Required for annual returns and director filings.
📊 For Strategic Planning: Helps business owners make informed growth decisions.
Who Needs This Service?
SMEs and Pty Ltd companies
Non-profit organisations (NPCs, NPOs, PBOs)
Startups applying for funding or accelerators
Businesses preparing for tender submissions
Step-by-Step: How Vatco Prepares Your Financials
Document Review: We request your bookkeeping records and confirm reporting period.
Data Compilation: Our team reviews and consolidates income, expenses, and assets.
Statement Drafting: We prepare the financial reports based on IFRS for SMEs or appropriate standards.
Client Review: We provide you with a draft to verify accuracy.
Final Delivery: You receive a full PDF set (or Excel, if requested) ready for submission to SARS, CIPC, or funders.
What Documents Are Required?
Trial Balance (if available)
Monthly bookkeeping records (or access to your system)
Bank statements
Loan/asset schedules
SARS and CIPC info (if linked to filing)
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Frequently Asked Questions
FAQs: Financial Statements Preparation
What are the steps in preparing financial statements?
They include collecting bookkeeping data, compiling statements, reviewing for accuracy, and finalising documents for submission.
What is the order of preparation for financial statements?
Typically: Income Statement → Statement of Changes in Equity → Balance Sheet → Cash Flow Statement.
How to What are the five financial statements prepared in accounting?
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Changes in Equity
Notes to the Financial Statementscalculate retained earnings?
Start with opening retained earnings, add net income, and subtract any dividends paid.
How is a balance sheet calculated?
Assets = Liabilities + Equity. We apply this principle when preparing the balance sheet.
What is the difference between a trial balance and a financial statement?
A trial balance is an internal report used to compile the final financial statements.
Can Vatco prepare my statements even if I don’t have software?
Yes. As long as you have basic records and bank statements, we’ll handle the rest.
Can these financials be used for funding or grant applications?
Absolutely. Our reports meet the standards required by banks, funders, and tender boards.
