We handle COIDA correspondence and query resolution directly with the Compensation Fund on your behalf, drawing on your existing payroll and bookkeeping records so the return of earnings behind the query is already accurate and easy to defend.
Outsourced Accounting & Bookkeeping Services South Africa
Bookkeeping Services South Africa For Growing Businesses
Clean, accurate books are the foundation of every good business decision, yet many growing companies fall behind on reconciliations, VAT filings and monthly reporting simply because there is no dedicated finance capacity in-house. LBD Consultants offers bookkeeping services South Africa businesses can build on, from monthly general ledger maintenance and tax compliance through to COIDA submissions and full management accounts.
Our Bookkeeping & Accounting Division works closely with your Payroll data, so your financial records, tax position and statutory filings stay consistent, accurate and ready for scrutiny at any time.
What WE Do
We keep your books accurate, your tax and statutory compliance current, and your business properly registered, so the numbers are always ready when you need them.
Outsourced Accounting Built For Growing Businesses
Outsourced accounting gives you finance capacity without the cost of a full in-house team. Consequently, you gain accurate, timely records without carrying the overhead of hiring, training and managing bookkeeping staff yourself.
As a bookkeeping company trusted by businesses across South Africa, LBD Consultants handles monthly bookkeeping, general ledger maintenance, and accounts payable and receivable processing, including creditor and debtor reconciliations. In addition, we provide budgeting and cash flow forecasting support, so you have a clear financial picture, not just a historical record.
For Skills Development Providers and training companies managing SETA grant income alongside other revenue streams, this back-office accounting support is particularly valuable. As a result, multiple funding sources stay clearly separated and easy to report on.
Managing Accounts
Management Accounts That Support Real Decisions
Monthly financial reporting should tell you something useful, not simply summarise the month that has passed. Therefore, our management accounts are built to highlight trends, flag issues early, and give you the numbers you need before a board meeting or funding conversation, not after.
We prepare management accounts alongside your annual financial statement working papers, working in step with your external auditor or accounting officer where one is required. Furthermore, this financial statement preparation keeps your year-end process smooth, rather than a last-minute scramble.
Similarly, our team tracks your accounts payable and receivable throughout the month, meaning your monthly accounts reflect where the business actually stands, not a delayed or incomplete picture.
VAT201
VAT201 Submissions And Ongoing Compliance
Missing a VAT201 deadline, or filing one incorrectly, exposes your business to penalties and unwanted attention from SARS. Consequently, our team treats VAT compliance as a standing monthly discipline, not an occasional task.
We prepare and submit your VAT returns on schedule, and we reconcile VAT201 submissions against your bookkeeping records each month. Moreover, this reduces the risk of discrepancies surfacing later during an audit or SARS review.
For SDPs and training companies in particular, audit-ready books matter beyond SARS. Grant funders and SETAs expect clean, reconciled accounts before releasing further funding, so keeping your financial statements audit-ready protects both your compliance position and your funding pipeline.
COIDA Submissions And Query Handling
The Compensation for Occupational Injuries and Diseases Act requires every employer to register with the Compensation Fund and submit an annual Return of Earnings, yet COIDA is often overlooked until a claim or query forces the issue. Consequently, gaps in COIDA compliance can leave a business exposed exactly when an employee needs cover most.
We manage your COIDA submissions on an annual basis and handle correspondence and query resolution with the Compensation Fund directly, so a return that goes missing or a query that goes unanswered doesn’t become your problem to untangle alone. Furthermore, this sits alongside your existing payroll and bookkeeping data, meaning your COIDA return of earnings is calculated from records that are already accurate and reconciled.
Company Registration For Tax, COIDA And UIF
Starting a new company, or bringing an existing one into full compliance, means registering correctly across several bodies at once: SARS for a tax number, the Compensation Fund for COIDA, and the Department of Employment and Labour for UIF. Consequently, missing even one of these registrations can delay your ability to employ staff or trade normally.
We handle company registration services covering all three: tax registration with SARS, COIDA registration with the Compensation Fund, and UIF registration for your employees. As a result, a new business, or one formalising its compliance for the first time, is registered correctly from day one rather than catching up on paperwork later.
F.A.Q.
Frequently Asked Questions
Can you handle both our bookkeeping and our tax compliance, or just one?
Both. Our Bookkeeping & Accounting Division manages your monthly bookkeeping and tax compliance together, using the same reconciled records for each, so there’s no gap between what your books say and what gets filed with SARS.
We're a new company. Can you handle all our registrations in one go?
Yes. We handle tax registration with SARS, COIDA registration with the Compensation Fund, and UIF registration together, so a new business is correctly registered across all three from day one rather than catching up on paperwork later.
What happens if we get a query or claim from the Compensation Fund?
Get Bookkeeping Services South Africa Businesses Rely On
If your books, tax compliance, or COIDA submissions are falling behind, it’s time to bring in a bookkeeping and tax partner who treats your financial records as seriously as you do. LBD Consultants provides bookkeeping services South Africa businesses across IT, engineering, skills development, and training sectors already trust, often bundled with our Payroll Division for a single, coordinated back-office retainer.
Our outsourced accounting scales with your business, from basic monthly bookkeeping through to tax specialist services, COIDA compliance, and company registration support. As a result, you always know where your business stands financially and compliance-wise, and so does everyone who needs to see it.
Get in touch today to discuss a bookkeeping, tax and compliance retainer built around your business.