Annual financial statements, management accounts and IFRS for SMEs
Accounting and financial statements
Annual financial statements and management accounts prepared under IFRS for SMEs, from books you can rely on.
Good decisions start with accurate books. We help owners, managers and boards in Lesotho get financial information they can trust, on time and in a form they can use.
We prepare annual financial statements under IFRS for SMEs, ready for approval by your directors and for use by your auditor, bank, funders and Revenue Services Lesotho (RSL). During the year, we can prepare monthly or quarterly management accounts with a short commentary on what has changed and why.
Books that hold up
Many problems at year end begin with small gaps during the year: unreconciled bank accounts, missing invoices or old balances nobody can explain. We reconcile the key accounts, agree corrections with you and leave a clear trail behind every number.
We explain the results in plain language, not just in schedules. If your system needs work, we can help set up or tidy your chart of accounts so that reporting becomes easier month after month.
Who it is for
- Owner-managed companies that need annual financial statements
- Businesses that want regular management accounts to run on
- Organisations moving their reporting onto IFRS for SMEs
- Companies preparing for an audit, a loan application or a tax return
How it works
- 01
Understand your records
We look at how you keep your books today, what software you use and what reporting you need.
- 02
Clean up and reconcile
We reconcile bank and key balance sheet accounts and agree any corrections with you.
- 03
Prepare the statements
We prepare the financial statements or management accounts, with notes and supporting schedules.
- 04
Review with you
We walk you through the results, explain movements in plain language and answer your questions.
- 05
Finalise and hand over
We finalise the statements for approval and hand over a tidy file for your auditor, bank or RSL.
Questions
Which reporting framework do you use?
We usually prepare statements under IFRS for SMEs, which suits most small and medium-sized entities. Where full IFRS or a funder's own format is required, we prepare the statements on that basis.
Can you work with our existing accounting system?
Yes. We work with common accounting packages and with spreadsheets. If you want your books and Lekuka invoicing in one place, we can also talk you through LebesaBooks.
Can the same firm prepare and audit our financial statements?
Professional independence rules limit an auditor from preparing and auditing the same statements. We will explain the options at the start so that your arrangements stay compliant.
How often should we get management accounts?
Monthly suits most growing businesses. Smaller or steadier businesses often find quarterly accounts enough.