Dealing with debt. It can feel like it will take a lifetime to pay off credit cards. The money move you should consider to become debt-free.

How to deal with the emotional stress of being under debt review | Debt counseling in South Africa

We are bookkeepers in Pretoria and we service clients across South Africa. Our focus is on preparing documents for business funding, tax preparation, and clean up of your business books, as well as monthly bookkeeping services.

To find out more about our bookkeeping services go to: https://profitandbooks.com/

I am Olivia Sambo, co-owner of Profits and Bookkeeping Services and Online Marketing Services. I am a qualified Bookkeeper who has studied with the Institute of Certified Bookkeepers, the ICB. My goal with every client is to understand their vision for their company so we can implement systems that will improve their cash flow, money management, and profitability.

Most clients come to me when they want their documents to be prepared for tax or when they want to apply for funding from a bank or a financial institution. In most cases, they’ve never had a bookkeeper, and all those years of neglecting their books take time and knowledge to untangle.

What skills do you need to be a bookkeeper?

You need to be someone who’s meticulous and pays attention to details because one digit in the wrong place can lead to the books not balancing. You need to be patient and focused to capture the information accurately because sometimes these numbers can be very overwhelming. You must be honest and have integrity because you deal with very confidential information about clients. You must honour the trust that your clients put in by safeguarding the trust and protecting their privacy.
As a bookkeeper, you must understand the accounting system and make sense of the debit and credit entries. You must also have a basic understanding of Mathematics.

What does a bookkeeper do?

Bookkeepers capture information from the source documents that a client provides. Different types of accounts then get created to reflect the assets, liabilities, income, expenses, and equity accounts. These accounts will be a reflection of the income and expenses of the business and will be used to prepare management reports for the management of the business or a financial institution.

What are source documents?

Source documents are any proof of the transactions that take place within a business. It could be invoices, receipts, debit notes, credit notes, till slips, etc. It shows the source of the transactions that are reflected on the bank statement. Source documents are also called supporting documents

Why are the source documents so important?

When you look at your bank statements you will mostly see POS purchases when you swipe your debit or credit card to buy goods. When a client pays you it will only show as a deposit.
The source documents will show exactly whether you’ve spent money on fuel, stationery, or printing. It will enable the bookkeeper to put the entry under the right category.

Why do you need a bookkeeper when you apply for funding?

The bank wants to see how well you manage your money, what is your income, what is are your expenses, what part of your business makes the most money, etc. Your bookkeeper will be able to prepare this information when you provide her with your bank statements and source documents. The banks and financial institutions want documents that will give them an overview of your business all in one place. A bookkeeper will know how to use your monthly bank statements to create the right accounts that are needed to prepare the financial reports for the bank. If you don’t have these reports prepared the bank will advise you to find a bookkeeper who can do that for you. If you are a business owner or self-employed the bank will not consider your application for funding without these reports because that is the proof of income they need to see if you qualify for the business loan.

For more information about we what we offer go to:
https://za.pinterest.com/profitsandbooks
https://www.linkedin.com/in/profitsandbooksbookkeepingservices
https://www.facebook.com/profitsandbooksbookkeeping/
https://twitter.com/profitsandbooks
https://anchor.fm/olivia-sambo
https://podcasts.apple.com/us/podcast/rose-tinted-glasses-with-olivia-sambo/id1522074736?uo=4
https://open.spotify.com/show/7JABIEU33PfULlam27sOyY
https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8xOTUxMTA1OC9wb2RjYXN0L3Jzcw==
https://profitsandbooks.blogspot.com/
https://news.google.com/publications/CAAqBwgKMObWnAsw8uC0Aw?hl=en-ZA&gl=ZA&ceid=ZA%3Aen
https://g.page/r/CQEpG0p7PPdiEAE

To find out more about funding go to:
https//:www.Nedbank.co.za
https//:www.FNB.co.za
https//:www.Capitec.co.za
https//:www.Absa.co.za
https//:www.Standardbank.co.za
https//:www.Tymebank.co.za
https//:www.Bankzero.co.za
https//:www.Dti.co.za
https//:www.Nyda.co.za
https//:www.Investec.co.za
https//:www.Bidvest.co.za
https//:www.Sab.co.za
https//:www.Discoverybank.co.za

If you want to become a bookkeeper in South Africa go to:
www.icb.org.za

How to survive the debt review process | Debt counseling in South Africa.

We are bookkeepers in Pretoria and we service clients across South Africa. Our focus is on preparing documents for business funding, tax preparation, and clean up of your business books, as well as monthly bookkeeping services.

To find out more about our bookkeeping services go to: https://profitandbooks.com/

I am Olivia Sambo, co-owner of Profits and Bookkeeping Services and Online Marketing Services. I am a qualified Bookkeeper who has studied with the Institute of Certified Bookkeepers, the ICB. My goal with every client is to understand their vision for their company so we can implement systems that will improve their cash flow, money management, and profitability.

Most clients come to me when they want their documents to be prepared for tax or when they want to apply for funding from a bank or a financial institution. In most cases, they’ve never had a bookkeeper, and all those years of neglecting their books take time and knowledge to untangle.

What skills do you need to be a bookkeeper?

You need to be someone who’s meticulous and pays attention to details because one digit in the wrong place can lead to the books not balancing. You need to be patient and focused to capture the information accurately because sometimes these numbers can be very overwhelming. You must be honest and have integrity because you deal with very confidential information about clients. You must honour the trust that your clients put in by safeguarding the trust and protecting their privacy.
As a bookkeeper, you must understand the accounting system and make sense of the debit and credit entries. You must also have a basic understanding of Mathematics.

What does a bookkeeper do?

Bookkeepers capture information from the source documents that a client provides. Different types of accounts then get created to reflect the assets, liabilities, income, expenses, and equity accounts. These accounts will be a reflection of the income and expenses of the business and will be used to prepare management reports for the management of the business or a financial institution.

What are source documents?

Source documents are any proof of the transactions that take place within a business. It could be invoices, receipts, debit notes, credit notes, till slips, etc. It shows the source of the transactions that are reflected on the bank statement. Source documents are also called supporting documents

Why are the source documents so important?

When you look at your bank statements you will mostly see POS purchases when you swipe your debit or credit card to buy goods. When a client pays you it will only show as a deposit.
The source documents will show exactly whether you’ve spent money on fuel, stationery, or printing. It will enable the bookkeeper to put the entry under the right category.

Why do you need a bookkeeper when you apply for funding?

The bank wants to see how well you manage your money, what is your income, what is are your expenses, what part of your business makes the most money, etc. Your bookkeeper will be able to prepare this information when you provide her with your bank statements and source documents. The banks and financial institutions want documents that will give them an overview of your business all in one place. A bookkeeper will know how to use your monthly bank statements to create the right accounts that are needed to prepare the financial reports for the bank. If you don’t have these reports prepared the bank will advise you to find a bookkeeper who can do that for you. If you are a business owner or self-employed the bank will not consider your application for funding without these reports because that is the proof of income they need to see if you qualify for the business loan.

For more information about we what we offer go to:
https://za.pinterest.com/profitsandbooks
https://www.linkedin.com/in/profitsandbooksbookkeepingservices
https://www.facebook.com/profitsandbooksbookkeeping/
https://twitter.com/profitsandbooks
https://anchor.fm/olivia-sambo
https://podcasts.apple.com/us/podcast/rose-tinted-glasses-with-olivia-sambo/id1522074736?uo=4
https://open.spotify.com/show/7JABIEU33PfULlam27sOyY
https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8xOTUxMTA1OC9wb2RjYXN0L3Jzcw==
https://profitsandbooks.blogspot.com/
https://news.google.com/publications/CAAqBwgKMObWnAsw8uC0Aw?hl=en-ZA&gl=ZA&ceid=ZA%3Aen
https://g.page/r/CQEpG0p7PPdiEAE

To find out more about funding go to:
https//:www.Nedbank.co.za
https//:www.FNB.co.za
https//:www.Capitec.co.za
https//:www.Absa.co.za
https//:www.Standardbank.co.za
https//:www.Tymebank.co.za
https//:www.Bankzero.co.za
https//:www.Dti.co.za
https//:www.Nyda.co.za
https//:www.Investec.co.za
https//:www.Bidvest.co.za
https//:www.Sab.co.za
https//:www.Discoverybank.co.za

If you want to become a bookkeeper in South Africa go to:
www.icb.org.za

Credit Counselling and Your Finances
Are you struggling to make the minimum payments on your credit cards? Is debt causing you stress and anxiety? If you feel like your credit card debt will never end or want to better manage your money, Credit Counselling can help put an end to your stress and financial burdens.

Here at Blanchard & Company Ltd., we believe that everyone deserves financial freedom because debt does not define you.

Talk to Brian: 403-348-5880
Write us: brian@repairdebt.ca

Debt review, also known as debt counseling, is a process that was introduced by The National Credit Act or (NCA) to help people who are over-indebted to get out of debt. Watch the video to learn more.

Link to my online store: https://talkingmoneywithnozi.com/collections/all

Check if your debt counselor is registered here: https://www.ncr.org.za/register_of_registrants/registered_dc.php

debt counseling – once a help with debt debt counselor has accepted your application he or she will inform all your creditors and every registered credit bureau that you have applied for debt counseling. watch: how debt counselling works, and what you save.
how to choose a credit counseling service. Many financial planners offer debt counseling services that resemble the debt management programs offered by many for-profit and nonprofit credit counselors

debt counseling – once a help with debt debt counselor has accepted your application he or she will inform all your creditors and every registered credit bureau that you have applied for debt counseling. watch: how debt counselling works, and what you save.
how to choose a credit counseling service. Many financial planners offer debt counseling services that resemble the debt management programs offered by many for-profit and nonprofit credit counselors

debt counseling – once a help with debt debt counselor has accepted your application he or she will inform all your creditors and every registered credit bureau that you have applied for debt counseling. watch: how debt counselling works, and what you save.
how to choose a credit counseling service. Many financial planners offer debt counseling services that resemble the debt management programs offered by many for-profit and nonprofit credit counselors

Learn how credit counseling and debt management plans really work. This video will cover everything you need to know.

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A special thank you to my ex Baas John for all the knowledge and learning opportunity.

Link below as I promised: You can ask for Ms Unathi Mdingi
https://www.vantagedebtmanagement.co.za/

Remember; you do not need to impress anyone with a soft life that you cannot afford.