Frequently Asked Questions (FAQs)
What is the difference between a bookkeeper and an accountant?
A bookkeeper is responsible for recording daily financial transactions, such as sales, purchases, and payments. An accountant takes that data, analyses it, prepares financial statements, handles tax compliance, and provides strategic financial advice to help you grow your business.
How much do accounting services for a small business cost?
The cost varies depending on the complexity and transaction volume of your business. At TickBirds, we provide customised, fixed-fee monthly packages so you always know what to expect. This approach is often more cost-effective than hiring an in-house employee.
Do I need to be located in a specific city to work with TickBirds?
No. Thanks to modern cloud accounting software, we can partner with small businesses anywhere in South Africa. We provide the same high level of dedicated service, regardless of your location.
What accounting software do you recommend or work with?
We are proficient with all major cloud accounting platforms, including Xero, Sage, and QuickBooks. We can work with your existing system or help you migrate to the platform that best suits your business needs.
Is my business too small to benefit from professional accounting services?
No business is too small for professional financial management. In fact, establishing good financial habits early on is crucial for sustainable growth. Our services save you time, prevent costly mistakes, and provide the clarity you need to scale effectively.
Can I do my own accounting for my small business?
Yes, you can, especially when your business is new and has simple transactions. However, as your business grows, it becomes more time-consuming and complex. It’s crucial to be honest about your skills and the value of your time. If accounting is causing you stress or taking you away from core business activities, it’s wise to seek professional help.
How much does an accountant cost for a small business in South Africa?
Costs can vary widely based on your needs, from basic monthly bookkeeping to comprehensive tax planning and advisory services. Many modern firms, like TickBirds, offer fixed monthly packages, making professional services affordable and predictable for small businesses.
What is the best accounting software for a small business?
Popular and highly-rated options in South Africa include Xero and Sage Business Cloud. These platforms are designed for non-accountants, are easy to use, and can scale with your business. The best choice depends on your specific industry, budget, and features you need.
How often should I do my bookkeeping?
For best results, you should update your books at least once a week. This prevents tasks from piling up and gives you a real-time view of your financial health. At a minimum, you should fully reconcile your accounts every month.
What financial records do I need to keep for SARS?
In South Africa, you are legally required to keep records for five years. This includes all invoices, receipts, bank statements, payroll records, and any documents related to income, expenses, and VAT. Keeping these organised is essential in the event of an audit.
Taking control of your small business accounting is one of the most empowering steps you can take as an entrepreneur. It replaces uncertainty with clarity and allows you to build your business on a solid, stable foundation. You don’t have to be a numbers expert, you just need the right system and the right partners.
Don’t let financial administration hold your business back. Partner with a team that is dedicated to simplifying your life and empowering your growth. Let’s manage your books, so you can build your dream. Request a Free Consultation and Simplify Your Business Finances today!