Whois & Analysis for allthingsbookkeeping.co.za

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations.

It involves preparing source documents for all transactions, operations, and other events of a business.

Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation.

There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems.

While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally.

It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer.

If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid.

It is similar to, and is often compared with, a sales tax.

VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities.

The Union of South Africa was the historical predecessor to the present-day Republic of South Africa.

It came into existence on 31 May 1910 with the unification of the Cape, Natal, Transvaal, and Orange River colonies.

It included the territories that were formerly a part of the South African Republic and the Orange Free State.

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.

A service is an act or use for which a consumer, firm, or government is willing to pay.

Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on.

Public services are those that society (nation state, fiscal union or region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service provider's benefit service consumers.

Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.