Venu Business Services

ACCOUNTING SERVICE FAQs

Your Most-Asked Questions About Our Accounting Services

• What Services Do You Provide?

  Venu Business Services' core service portfolio consists of accounting, bookkeeping, accounting systems automation and integration, Controller level services, CFO level services, and Payroll. So whether you require an expert to take care of your books of accounts, want a customized accounting system, need to process payroll payments or require a part-time CFO, we can help.

  • Preparation of monthly profit and loss statements
  • Preparation of annual accounts
  • Preparation of periodic management accounts
  • Budgets and Cash flows
  • Software training
  • Process accounts payable and accounts receivable
  • Process Payroll
  • Maintain and monitor financial records
• What does the monthly accounting process look like?

  Our monthly accounting process starts with receiving your source documents. Our staff compiles the information and reports back to you with the following to help you take back control of your finances:

  • Make monthly profit and loss statements
  • Make monthly balance sheets
  • Perform regular account reconciliation
  • Offer advice based on your financial statements, tax planning, and your business’s situation
• Will Outsourcing Cost Less Than Employing A Part-Time Person?

  Outsourcing will usually save considerably compared with the cost of employing someone either part-time or full-time (unless you pay less than the minimum wage – which would be illegal). Outsourcing eliminates the hidden costs of holidays and sickness (and may be the cost of temp staff while your regular person is away). You don’t have to worry about maternity/paternity leave or other red tape. No worries about payroll and deductions. And outsourcing eliminates the indirect costs of the time incurred managing staff, dealing with employee administration, performance reviews, discipline matters........ And with outsourcing, there’s no need to provide a desk and computer, purchase accounts software, pay for on-going support, software licenses, etc. And built into our costs we have full data back up to protect your information (saving you even more money).

• If I Already Have An Accounting Staff, Why Do I Need Venu Business Services?

  Our accounting and bookkeeping solutions have the potential to save you the time, effort and expenses related to hiring in-house staff for your accounting functions. Even if you do not want to completely replace your in-house staff, we can take care of major accounting functions, so you can channel the resources you save to other aspects of your business. Additionally, we offer controller and part-time CFO level services which are completely scalable depending upon your needs. Our services can serve to bridge any gap in your existing staff’s area of expertise.

• Do I Have To Meet You Face To Face Initially?

  Normally the answer is yes. We need to meet in order to properly understand your business needs, and to give you the opportunity to evaluate Accounting Services for Business. It’s the foundation of our future relationship, so it’s important to meet. However, as with many things in life, there are exceptions. So, we’ll work out what’s best when you contact us.

• Does It Matter If I Am Not Located Near Your Office?

  Not at all. We have clients spanning an area from Francistown to Gaborone, although most are within a 50 miles of Gaborone. Many of our clients email their paper work, or give access to their online accounts and source documents either in electornic or hard copy form. And, although we talk regularly on the phone and might be geographically close we may only meet once or twice a year. But if we do need to meet, and distance is an issue, we’ll come to you.

• How much does monthly accounting cost? What factors go into the pricing?

  Pricing for our monthly accounting services varies by your company’s needs. It is not based on the size of your company, rather your company’s accounting activity and the complexity of your financial statements. Our average accounting fee comes out to about P5,000 per month. Depending on these factors, your fee can range between P5000 to P10,000+ per month. We will work with you to arrive at an affordable, fixed monthly fee.

• I Have A Small Business With Sales Below The VAT Threshold. Am I Too Small For You?

  No. We deal with businesses of all sizes. If you run a small business with a lower turnover you are probably using most of your time to focus on you business and profit. We’ll make things a lot easier for you by dealing with your bookkeeping and end of year accounts. And if your business grows and you need to become VAT registered we’ll deal with that for you as well.