About Us

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Our mission

Our mission is to become the leading virtual financial office in South Africa. Creating value add through a Financial Shared Services Centre (FSSC) structure, thus creating online real-time information in order for business to make decisions immediately. We stand tall among the best, in what we do. In order for us to provide efficient and effective service we operate on Saturday’s.

Welcome to strategic accounting solutions

Strategic Accounting Solutions creates a platform for SMME’s to have the following:

  • Online real-time information
  • Data is captured daily
  • Real time decision making on sales and proposed sales (including procurement of goods and services through a purchase order process), including cost centre/job/activity accounting
  • Ability to compare historical information to current in a real time environment

The following comparison shows the differences between our modeled approaches compared to the normal accountant at the corner for the quotation/invoice/receipt cycle.

Example for the Quotation/Invoice/Receipts Cycle

Quotation/Invoicing/Receipt Activity SAS Model with FSSC Normal Accountant Model
SMME does credit vetting of potential client. The FSSC can assist with this through one of its partners. The normal accountant is not part of this process
An approved (new) client of the SMME is created (with all details including VAT) on the accounting system. With the online accounting system this will be real time. The normal accountant is not part of this process
SMME can load price lists onto accounting system to stream line the quotation process. CSV file uploaded to online accounting system (SMME can also perform this function) The normal accountant is not part of this process
Day 1: SMME creates quotation
Day 1: Bank CSV file is send to FSSC to capture
With the online accounting system this will be real time.
Bank CSV file uploaded and bank reconciled
The normal accountant is not part of this process
Day 2: SMME’s client accepts the quotation. SMME creates Tax Invoice.
Day 1: Bank CSV file is send to FSSC to capture
With the online accounting system this will be real time.
Bank CSV file uploaded and bank reconciled
The normal accountant is not part of this process at Day 2. The accountant receives the printed tax invoices to re-capture on their accounting system after Day 31.
Day 15: Interim Customer Statements a run (if required) Interim Customer Statements are run (if required) This cannot be done as the bank statement is only received on Day 33 (when available)
Day 3 – Day 31: Bank CSV file is send to FSSC to capture Bank CSV file uploaded and bank reconciled Normal Accountant receives the bank statement on Day 33 for processing along with all customers’ tax invoices.
Day 31: Month-end Customer Statements are run Month-end Customer Statements are run This cannot be done as the bank statement is only received on Day 33

For the procure/payment/record cycle the above process hold true (including purchase orders) and cost centre/job/activity accounting. (General Ledger and Fixed Asset Accounting occurs daily or weekly depending on requirements) Hence the reconciliation process is done daily. Therefore comparing from the time information is available for the SMME to utilize in order to make decisions is available immediate from the time the transaction occurred. Information available (including management accounts) from the normal accountant is only between Day 45 to Day 60 from the time the transaction occurred.

Thus the power is handed to the SMME to move his business forward proactively as opposed to re-actively.

MainImage 1 1024x389 About Us

Company Profile

Strategic Accounting Solutions is a firm registered with the South African Institute of Chartered Accountants (SAICA) situated in Sandton, Johannesburg, South Africa that has been successfully assisting our clients since 2006. We are a hands-on firm that delivers realistic yet satisfying results within acceptable time-frames for our clients. Our focus is you, and our aim is to devise convenient and relevant processes that effectively meet your requirements. Strategic Accounting Solutions is a 100% black owned firm. The founder of Strategic Accounting Solutions is a Chartered Accountant with 12 years’ experience.