Profit and available cash tell different stories. You may have made sales, but your customers haven’t paid yet. Meanwhile, salaries, suppliers and other expenses still need to be settled. Cash can also be tied up in stock, equipment purchases or loan repayments—items that affect your bank balance differently from your reported profit. That’s why reviewing your income statement alone isn’t enough. A practical cash flow review helps you ask: • Which customer payments are overdue? • What...

At RKH Accounting and Management Solutions, we believe that small, practical changes in how we work can help reduce unnecessary resource use. Our approach focuses on four everyday practices: Digital records We use electronic records and cloud-based accounting to reduce reliance on paper files. We encourage clients to share documents digitally, with appropriate attention to confidentiality and secure handling. Reduced printing We prioritise electronic reports, invoices and correspondence,...

Bookkeeping is the backbone of any successful business. Without it, managing finances becomes a guessing game. We all want our businesses to thrive, especially here in the East Rand. That’s why understanding the importance of bookkeeping is crucial. It helps us stay on top of our financial health, make smart decisions, and keep the taxman happy. Why Business Bookkeeping Services Matter Bookkeeping is more than just recording transactions. It’s about keeping a clear, accurate picture of where...