Online Bookkeeping and Accounting services on Xero, for 1% of business turnover
Your books reconciled every month, management accounts you can act on, and annual financial statements ready for SARS and the bank, all handled by a Xero Gold Partner team anywhere in South Africa. One monthly fee of 1% of business turnover replaces a separate bookkeeper, accountant and year-end invoice, so you save money with One Percent Accounting every month.
What your monthly Bookkeeping includes
- Bank and credit card feeds reconciled in Xero every month, with queries sent to you in one tidy list rather than a stream of emails.
- Sales invoices, supplier bills and expenses captured and coded correctly for VAT and income tax.
- Monthly management accounts: profit and loss, balance sheet and a short commentary on what changed.
- Debtors and creditors reports so you know who owes you and what is due.
- Fixed asset register, depreciation and loan accounts maintained.
- Annual financial statements compiled for the company income tax return, bank and tender requirements.
- Xero subscription, setup and training, including conversion from Sage, QuickBooks or spreadsheets.
How online Bookkeeping with One Percent works
Connect your bank to Xero
We set up your Xero organisation, connect your bank feeds and import opening balances from your previous system. Most businesses are live within a week.
Send us documents as you go
Snap receipts on the Xero app, forward supplier bills by email, or drop everything into a shared folder. We capture and reconcile every month.
Get your monthly report
Management accounts land in your inbox with a short note from your accountant. Your VAT, provisional tax and payroll run off the same clean numbers.
Why outsource Bookkeeping instead of hiring
A part-time bookkeeper is a fixed salary every month whether it was a busy month or not, and you still need an accountant at year end. Outsourcing to One Percent gives you a bookkeeper, an accountant and a registered tax practitioner for one fee tied to your business turnover, with cover when someone is on leave and no software licences to manage.
Because everything is on Xero, you keep full ownership of your data. If you ever leave, your organisation, history and documents go with you.
Bookkeeping questions
Do you work with businesses outside Gauteng and the Western Cape?
Yes. Our clients are in every province. Everything happens online, and our toll-free line and WhatsApp work from anywhere in South Africa.
What if my books are years behind?
We quote a once-off catch-up based on the number of months and transactions, bring everything up to date on Xero, and then the monthly package takes over.
Is the Xero subscription included?
The monthly accounting software fee is charged separately at Xero's own prices, with no markup. We also resell the partner-only Xero Ledger plan for very small entities.
Do you prepare annual financial statements?
Yes. Compiled annual financial statements are part of the monthly package. Independent reviews and audits are arranged through partner firms where the Companies Act requires them.