Bookkeeping Services
The foundation of your business success
You might think handling bookkeeping in-house saves money, but the reality often proves otherwise. Outsourcing your bookkeeping to a specialist like SteadyDesk can lead to significant cost savings and efficiency gains.
Consider the true cost of in-house bookkeeping:
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Salaries & Benefits: The expense of hiring a full-time or part-time bookkeeper, including salary, benefits, and employer taxes.
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Software & Training: Investment in accounting software licenses and ongoing training for your staff.
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Office Space & Equipment: The overhead associated with providing a workstation, computer, and other resources.
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Time & Opportunity Cost: The time your internal team spends on bookkeeping is time they could be dedicating to your core business activities, generating revenue.
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Risk of Errors & Penalties: Mistakes made by inexperienced in-house staff can lead to costly errors, missed deadlines, and penalties.
By partnering with SteadyDesk, you transform a fixed, often high, internal cost into a flexible, predictable expense. You gain access to a team of experienced professionals without the overheads, allowing you to reallocate valuable resources back into what you do best.
How SteadyDesk caters to your business
At SteadyDesk, we understand that every business is unique. That's why we offer tailored bookkeeping solutions designed to fit your specific needs, whether you're a startup, a growing SME, or an established enterprise.
We integrate seamlessly with your operations, becoming an extension of your team without the need for additional office space or management.
Our commitment is to provide you with accurate, timely, and actionable financial information that empowers you to make smarter business decisions. We free you from the administrative burden of financial record-keeping, allowing you to focus on innovation, client relationships, and business development.
SteadyDesk bookkeeping services include
Daily transaction recording & data entry:
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Systematic recording of all financial transactions, including sales, purchases, payments, and receipts.
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Digital saving and posting of all invoices (sales and purchase) to your accounting software.
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Processing of staff expense claims.
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Handling data input for consolidating buyer or seller information, and maintaining property-related paperwork.
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Creation and management of spreadsheets and databases
Accounts Payable Management:
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Receiving invoices directly from suppliers and downloading them from supplier portals.
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Posting supplier invoices to accounting software.
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Preparing and obtaining approval for payment runs.
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Uploading approved payments to bank platforms (e.g., Bankline for UK).
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Posting payments to supplier ledgers and allocating payments.
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Sending remittance advice to suppliers.
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Resolving debit and aged balances in supplier ledgers.
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Resolving disputes with suppliers and following up for missing invoices
Financial Reporting preparation
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Preparation of preliminary balances and trial balances.
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Preparation of monthly, quarterly, and annual financial reports, including Profit & Loss (Income Statement), Balance Sheet, and Cash Flow Statements.
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Variance analysis and review of key performance indicators (KPIs).
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Preparation of customized management reports to provide actionable insights into your business's financial health.
Accounts Receivable Management
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Preparing and issuing sales invoices to customers.
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Posting receipts to customer ledgers and allocating payments.
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Receiving and filing remittance advice from customers.
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Following up with customers for remittance advice and expected payment dates.
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Running Aged Debtors Reports to track outstanding payments.
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Resolving credit and aged balances in customer ledgers.
Bank & credit card reconciliations:
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Regular reconciliation of all bank and credit card statements to ensure accuracy and identify discrepancies.
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Posting of all bank, credit card, and petty cash transactions to accounting software.
Year-End Preparation Assistance
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Posting year-end adjustments and closing income and expense accounts.
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Providing data to statutory accountants/auditors and resolving their queries.
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Posting adjustments in accounting software to match balances with the final version of accounts.
VAT Returns & Compliance (South Africa only):
Preparation and timely submission of VAT returns (VAT201) in accordance with SARS tax periods (monthly, bi-monthly, or quarterly based on turnover). We ensure compliance with South African invoice requirements, foreign currency reporting, and credit notes.