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
The crushing weight of external debt is crippling Africa’s poorest nations, prompting a coalition of former African leaders, backed by seven ex-heads of state, to push for a new debt relief programme. Their proposal mirrors the Highly Indebted Poor Countries (HIPC) initiative of the 1990s, aiming to ease financial pressure from private, bilateral, and multilateral creditors.
The UN Development Programme has also called for urgent action, highlighting that a 60% debt reduction could save the world’s 31 poorest countries nearly $80 billion. But will global creditors respond?
Joining us to break it all down is Oladipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham. Stay tuned for expert insights!
SUBSCRIBE to our YouTube channel: http://youtube.com/newscentraltvafrica for more videos
Follow News Central on:
Facebook: https://www.facebook.com/NewsCentralAfrica
Twitter: https://twitter.com/NewsCentralTV
Instagram: https://www.instagram.com/newscentraltv
LinkedIn: https://www.linkedin.com/company/18775091/admin/feed/
Threads: https://www.threads.net/@newscentraltv
TikTok: https://www.tiktok.com/@newscentraltv
For more content, go to: https://newscentral.africa
#NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance
Are you curious about the true mission of Credit Counselling Singapore?
In this video, we dive deep into the organisation’s purpose and explore what drives their efforts.
From debt management to financial literacy, we uncover the truth behind their mission and what it means for individuals and business owners in Singapore. Whether you’re struggling with debt or simply looking for ways to improve your financial well-being, this video is for you.
Tune in to learn more about Credit Counselling Singapore’s true mission and how it can benefit you.
POA
?Draft Your Power of Attorney From S$180, Click Here For More Info & To Book An Appointment -https://www.lavocatlaw.com/services/power-of-attorney
Will
?Draft Your Will From S$200 Nett, Click Here For More Info & To Book An Appointment – https://www.lavocatlaw.com/services/wills
LPA
?Certify Your Lasting Power of Attorney At S$100 Nett, Click Here For More Info & To Book An Appointment -https://www.lavocatlaw.com/services/lasting-power-of-attorney
Deed Poll
?Draft Your Deed Poll For S$50 Nett, Click Here For More Info & To Book An Appointment – https://www.lavocatlaw.com/services/deed-poll-change-of-name
Probate
?Obtain the Grant of Probate For Fixed Fee, Click Here For More Info & To Book An Appointment – https://www.lavocatlaw.com/services/probate-letters-of-administration
Letters of Administration
?Obtain the Letters of Administration For Fixed Fee, Click Here For More Info & To Book An Appointment – https://www.lavocatlaw.com/services/probate-letters-of-administration
?Book a consult with our lawyer, Ben – https://www.lavocatlaw.com/services/consultations
? Other services – https://www.lavocatlaw.com/
??Disclaimer:
Nothing on this channel constitutes legal advice or gives rise to a solicitor/client relationship. Specialist legal advice should be taken in relation to specific circumstances. The contents of this channel are for general information purposes only. Whilst we endeavour to ensure that the information on this site is correct, no warranty, express or implied, is given as to its accuracy and we do not accept any liability for error or omission. We shall not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of, or inability to use, this channel or any material contained in it, or from any action or decision taken as a result of using this site or any such material.
Get Your 4-Step Guide to Building Business Credit here:
https://www.justinmircheconsulting.com/
When your debts go out of hand, you might find it easier to just take out a loan to settle everything, but is debt consolidation a good idea? Watch this video to learn all about this and whether or not it’s a good option for you!
Watch And Enjoy!
Justin Mirche
Key Moments In This Episode
========================
00:00 Intro & Summary
00:34 What Is Debt Consolidation?
01:58 Different Types Of Debt Consolidation Loans
03:43 Common Trap With Debt Consolidation Loans
04:45 Pros Of Debt Consolidation Loans
06:51 Cons Of Debt Consolidation Loans
What To Watch Next
========================
How Long Does It Take To Repair Credit?
https://youtu.be/gwuAdlPuywg
RESOURCES
========================
Subscribe to my YouTube channel:
https://www.youtube.com/channel/UCneWDSxenHpBH6Ls9ncHmGA?sub_confirmation=1
Learn More about Justin Mirche
========================
Justin Mirche is the founder and President of Justin Mirche Consulting. He has a vast background in finance and has been the go-to person for friends, colleagues, and clients for years to assist in solving a wide array of credit and finance challenges. His experience and dedication have transformed lives, families, and businesses. Now, he wants to share his expertise to help a much broader audience. With his YouTube channel, Justin wants to answer questions that affect our everyday lives, erase confusion dispel myths about credit and finance, and provide valuable advice to help you level up and reach your credit and financial goals.
Website: https://justinmirche.com/
========================
Nate Woodbury – YouTube Producer
https://www.youtube.com/NateWoodbury
#Finance
#CreditScore
#PersonalCredit
Orefile Malope a Director at Mastercard Foundation chats to Lungelo KM.
ENGINEER YOUR LIFE – EPISODE 220 – OREFILE MALOPE
Get insured with Naked Insurance: https://app.naked.insure/e/1751C5GhEXb
eyl. AFRICA is now available.
SHOP ONLINE: www.eylshop.africa
Inquiries: info@lungelokm.co.za
Watch our latest videos: https://www.youtube.com/playlist?list=PLAKCo6yUiAnqa8IKIz4xtnh5QaM6Fr7mM
—–
LUXURY DURBAN VILLA FOR VACATION RENTALS – FROM +R2250 for upto 6 guests:
https://www.airbnb.com/h/kaluvillas
https://www.booking.com/Share-e5rtP9
FOLLOW US ON SOCIAL MEDIA:
Instagram: instagram.com/EngineerYourLife_
Facebook: facebook.com/engineerylshoww
Twitter: twitter.com/engineerylpod
Executive Producer: Lungelo KM
Cinematography: Tino Media
Head of Content: Cikizwa Vilakazi
Content Producer: Kealeboga Ramafoko
Subtitles: Ndalo Hlongwane
—–
DISCLAIMER:
The content in this podcast and on this webpage is not intended to constitute or substitute for specialized professional advice, including legal, financial, medical advice, diagnosis, or treatment. Never disregard relevant professional advice based solely on the information presented in this podcast or channel. Furthermore, all opinions expressed by guests are their sole views and do not represent those of the channel or its holding company.
#engineeryourlife
https://KCLau.com/refinancing-aia
I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause —
DEBT CONSOLIDATION… instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.
Part 2 in our Social News Interviews Series – Find out why certified credit counselor Avineet Kalsey decided to become a credit counselor.
You don’t need to struggle with debt, BSCC can help reduce your debt by over 50%-90% RIGHT NOW – call us today at 1-866-790-8984 – its free!
or Visit:
Business Solutions & Credit Counselling Services
Surrey/Vancouver office:
12033 92A Avenue #205, Surrey, British Columbia V3V 4B8
Tel: 604-951-8984
https://plus.google.com/105539074476281215342
Toronto Office:
#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
Tel: 905-789-8984
https://plus.google.com/110829514532144758690
Calgary Office:
#210-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Tel: 403-714-8984
Edmonton Office:
10665 Jasper Ave,
Edmonton, AB, T5J 3S9
Tel: 780-716-8984
Winnipeg Office:
330 St. Mary Ave,
Winnipeg, MB, R3C 3Z5
Tel: 204-962-8984
Abbotsford Office:
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Tel: 604-951-8984
or Nationwide call: 1-866-790-8984
49.047552, -122.337449
https://plus.google.com/114098025449167198058
akalsey@bscc.ca
http://www.bscc.ca/
https://plus.google.com/u/0/100755473303544230759/about
https://youtu.be/RtAnbWY1Xls
Don’t spend another year racking up unnecessary debt and dig yourself deeper into an unrecoverable situation – we can help! You can avoid going into bankruptcy – it’s a negative mark on your credit and can last for 7-10 years – where a neutral credit counseling notation is REMOVED once someone completes the program. You really can turn your financial life around quickly – just call us and receive a free evaluation of your situation with some helpful advice and absolutely no obligation to take any action if you don’t wish to.
Remember – you DO NOT (and in a lot of cases, SHOULD NOT) always have to go into bankruptcy – we can share valuable information about your options that your bank or other credit counseling companies may not be willing to share with you – because it’s not in their best interest! We work on YOUR behalf, and thus ensure that you receive the very best information for your specific situation. Contact us today at BSCC for a free
consultation about your finances – 2018 can be your year that you begin on the journey to finally becoming debt free!
For over 18+ years, the professionals at Business Solutions and Credit Counselling Services (BSCC), a registered, government-approved credit counseling firm, has assisted hundreds of thousands of consumers throughout Canada to avoid declaring bankruptcy, prepare a consumer proposal, rebuild their credit rating, and pay off their excessive charge card debt. These are clients who were once struggling to manage excessive debt and financial obligations. We work with each client individually, designing manageable, realistic programs to relieve their financial burden and stress.
For more information about using effective debt counseling nationwide wherever you live in Canada – and how to avoid bankruptcy and becoming debt free from high credit card debt or even business bankruptcies, please visit us at http://www.bscc.ca or call 1-866-790-8984 today! We have credit counseling offices in Toronto, Vancouver (Surrey), Calgary, Edmonton, and Abbotsford.
Become our fan on Facebook:
https://www.facebook.com/CreditAndFinancialCounselling
Follow us on Twitter:
https://twitter.com/AKalseyBSCC
Check out our Pinterest Boards:
http://www.pinterest.com/akalseybscc/
Follow us on Instagram:
http://instagram.com/creditcounselingbscc
Join us on YouTube:
https://www.youtube.com/channel/UC4YyGuJMge9uUlFHQA-0L2A
Debt counseling is the process where any one hands over all of your financial information to a qualified, experience and professional debt counsellor. The debt counsellor purpose is: It’s aimed at putting all of financial information under review, in order to reorganize your debt in such a way that becomes convenient and comfortable.