Frequently Asked Questions ?
What is a Trial Balance?
A Trial balance is a report that shows total values of all transactions of the business from the very first transaction when the business started trading. All “higher level” reports are generated from the Trial balance. READ MORE
What is an Income Statement?
An Income statement is a report that draws all account details and values from the Income and Expenses section of the Trial balance. This displays the Profit or loss for the specific period of time or the financial year. READ MORE
What are my businesses assets?
Your business’ assets can cover several categories. Tangible items for example, vehicles, property, manufacturing equipment, computers, office furniture etc. Intangible items such as intellectual property are also assets.
What are Management Accounts?
Management Accounts provide you with vital insights into the performance of your business. These insights help you decide exactly which products and services are profitable, which aren’t, and shows areas of your business that require your focus.
What is a Balance Sheet?
Your businesses Balance Sheet is the summary of all your assets and liabilities. At a particular moment your Balance Sheet shows you your owner’s equity, what you would have left if you sold the assets and paid off all the businesses debts. READ MORE
Why you should set up a budget ?
Budgeting helps small business owners to understand what they should focus on. It helps you to develop your business and set goals. Budgets help you to measure and evaluate your goals and business performance.
Why you set up Sales Forecasts?
Turnover is Vanity, Profit is Sanity, but Cash Flow is Reality. Accurately forecasting your sales helps you avoid cash flow problems. It helps you to manage your staff, production, and your businesses financial needs.
What are my businesses liabilities?
Your businesses liabilities are the outstanding monies you owe, now and in the future. This is usually money owed to suppliers for goods and services delivered or on order. These are found on the right hand side of your balance sheet.
What our Clients Say…
Beth Horner & Assoc.
Figg Accounting has given me trustworthy, intelligent and prompt service and advice consistently for 6 years now. They have transformed and streamlined my accounting and made Annual Financial Statements a seamless easy experience. I wholeheartedly recommend the AFS template.
Beth Horner
Founder – Beth Horner and Associates
BTN Solutions.
Dankie Figg-Family. Sonder julle was dit nie moontlik om my MPY te bou en groei nie. Ons het saam begin en kyk vandag nie terug nie. Gail dankie vir jou 24/7 support. Dankie dat julle die ekstra myl vir ons loop. Dinge vir ons doen wat nie onder julle portfolio val nie, maar tog altyd bereid is.
Doubie Plessis
Managing Director – BTN Soloutions
Aircube.
We came to Figg with our business in a mess and no idea on how to get out of our accounting nightmare. Gail has been invested in our company from the word go and we would not be where we are today without her knowledge, advise, commitment and friendship. She is a shining light in a world where trust is hard to come by. We thank our lucky stars that we came across her dynamic company and easy to use templates and awesome personality.
Talitha Potgieter
Managing Director – Aircube Consulting
Grove Construction.
Figg Accounting has been a saving grace for my company. Don’t know what I would have done without their excellent service. They’ve always gone the extra mile with a smile and beyond. They are such an integral part of my business success and life that they have become more like family than accountants. Would recommend their templates any day.
Hardus Potgieter
Managing Director – Grove Construction
What our Clients Say…
Beth Horner & Assoc.
Figg Accounting has given me trustworthy, intelligent and prompt service and advice consistently for 6 years now. They have transformed and streamlined my accounting and made Annual Financial Statements a seamless easy experience. I wholeheartedly recommend the AFS template.
Beth Horner
Founder – Beth Horner and Associates
BTN Solutions.
Dankie Figg-Family. Sonder julle was dit nie moontlik om my MPY te bou en groei nie. Ons het saam begin en kyk vandag nie terug nie. Gail dankie vir jou 24/7 support. Dankie dat julle die ekstra myl vir ons loop. Dinge vir ons doen wat nie onder julle portfolio val nie, maar tog altyd bereid is.
Doubie Plessis
Managing Director – BTN Soloutions
Aircube.
We came to Figg with our business in a mess and no idea on how to get out of our accounting nightmare. Gail has been invested in our company from the word go and we would not be where we are today without her knowledge, advise, commitment and friendship. She is a shining light in a world where trust is hard to come by. We thank our lucky stars that we came across her dynamic company and easy to use templates and awesome personality.
Talitha Potgieter
Managing Director – Aircube Consulting
Grove Construction.
Figg Accounting has been a saving grace for my company. Don’t know what I would have done without their excellent service. They’ve always gone the extra mile with a smile and beyond. They are such an integral part of my business success and life that they have become more like family than accountants. Would recommend their templates any day.
Hardus Potgieter
Managing Director – Grove Construction
Tshedza Pictures
Thank you FIGG for true excellence customer services that goes beyond the call of duty.
Phathu Makwarela
