The Books Behind Every Confident Business Decision
Monthly bookkeeping retainers, bank reconciliations, transaction categorisation and payroll management, built for cloud accuracy and kept current with the new 2026 SARS thresholds, so administration never becomes your bottleneck.
Good bookkeeping is invisible when it's working. Our Bookkeeping division exists to keep your records accurate, current and cloud-ready every single month, so that when you need a loan, a tax opinion, or simply an honest answer about how your business is doing, the numbers are already there and already correct.
Four Pillars Of Our Bookkeeping Practice
Monthly Bookkeeping Retainers
Your books are updated every month, not scrambled together at year-end under deadline pressure. Retainer clients receive consistent, on-time processing on a fixed monthly fee, so your financial position is always current and audit- or SARS-ready.
Bank Reconciliations
Every bank and credit card account is reconciled monthly against your general ledger, catching duplicate payments, unallocated deposits and bank charges before they distort your management accounts or your tax position.
Transactional Categorisation
Every transaction is coded to the correct account and VAT category using a chart of accounts built for your industry, giving you management accounts that actually reflect how your business makes and spends money, and a turnover figure your tax status can be confidently based on.
Payroll Management
We run monthly payroll from payslip to submission, including UIF and PAYE calculations, EMP201 filings and annual EMP501 reconciliations, so your team gets paid correctly and your business stays compliant with SARS and the Department of Employment and Labour.
The New SARS Thresholds Every SME Should Understand
From 1 April 2026, National Treasury more than doubled two of the most important thresholds in South African small business tax, the first change to either in seventeen years. Getting your bookkeeping right has never mattered more.
VAT Registration
R2.3 Million
The compulsory VAT registration threshold has increased from R1 million to R2.3 million in taxable supplies over any rolling twelve-month period, and the voluntary threshold has risen from R50,000 to R120,000. Businesses now sitting between the old and new thresholds may qualify to deregister, while growing businesses need accurate, up-to-date books to know precisely when they cross the line, since registration is required within 21 business days of doing so.
Turnover Tax
R2.3 Million
The Turnover Tax qualifying threshold has also risen from R1 million to R2.3 million, opening this simplified single-tax regime to a much larger pool of micro and small businesses. Choosing correctly between Turnover Tax, standard income tax and VAT registration depends entirely on clean, current bookkeeping, which is exactly what our retainer clients have month to month.
This information is provided for general guidance and reflects our understanding of South African tax requirements at the time of writing. It is not a substitute for advice tailored to your specific business; speak to your Funacol advisor before acting on it.
Bookkeeping Built For The Cloud, Not The Shoebox
We process your books inside modern cloud accounting platforms, giving you real-time visibility instead of a year-end surprise.
Live Bank Feeds
Transactions flow into your ledger automatically, ready for review rather than manual capture.
Mobile Receipt Capture
Photograph a receipt on the go and it's filed, coded and matched without a shoebox in sight.
Live Dashboard Access
Log in whenever you need to and see your true financial position, not a report that's months old.
Paperless & Secure
Every document is stored securely in the cloud, backed up and available whenever SARS or your bank asks for it.
Take The Admin Off Your Plate
Every business's transaction volume, entities and payroll headcount are different. Tell us about yours and we'll come back with a fixed monthly quote, not a guess.