Advisory Services

Tailored Financial Strategies for Your Business Growth Our advisory services go beyond basic accounting. We provide strategic support to help your business grow, whether you're looking to expand, increase profitability, or manage risk. 

Key Services:

• Business Growth Strategy: We work closely with you to develop strategies that foster sustainable growth. 

• Financial Planning & Forecasting: Our financial experts create detailed forecasts and budgets, helping you plan for the future with confidence. 

• Cash Flow Management: We ensure your cash flow remains healthy, providing solutions that help you maintain working capital. 

• Risk Management: We identify potential risks and create strategies to mitigate them, ensuring the security and compliance of your operations.

 

Complete Outsourcing of Bookkeeping for SMEs

Let Us Handle Your Books While You Focus on Growing Your Business Outsourcing your bookkeeping to Forbay and Associates allows you to focus on what really matters—growing your business. We manage everything from daily transactions and reconciliations to compliance and reporting, ensuring your financials are always in order. 

Our Outsourced Bookkeeping Services Include: 

• Daily Transaction Recording 

• Bank and Credit Card Reconciliations 

• Accounts Payable and Receivable Management 

• Financial Reporting 

• Compliance and Tax Readiness

 

Payroll Services

Compliant, Accurate, and Efficient Payroll Management Managing payroll can be one of the most complex aspects of running a business, especially when dealing with a growing workforce or limited-duration contract employees. 

At Forbay and Associates, we offer a comprehensive payroll service that ensures your payroll is managed efficiently and complies with all statutory requirements, including those set by SARS, Bargaining Councils, and the Department of Labour. Our Payroll Services Include: 

 • Comprehensive Payroll Management: We handle all aspects of your payroll process, from salary calculations and deductions to tax submissions and reporting. Our payroll services ensure that your employees are paid on time and accurately, with all deductions correctly calculated. 

• Statutory Compliance: Staying compliant with South Africa’s complex payroll regulations is critical to avoiding penalties. We ensure your business remains fully compliant with: 

• South African Revenue Service (SARS): We manage PAYE (Pay-As-You-Earn), UIF (Unemployment Insurance Fund), and SDL (Skills Development Levy) submissions to SARS, ensuring timely and accurate reporting. 

• Bargaining Councils: If your industry is governed by a Bargaining Council, we ensure that all collective agreements regarding wages, benefits, and working conditions are adhered to, with the correct contributions and deductions made. 

• Department of Labour: We assist with compliance to labour laws, such as adherence to the Basic Conditions of Employment Act (BCEA), ensuring that your business meets all statutory obligations relating to working hours, leave, and employee benefits. Management of Limited Duration Contract Employees Managing limited-duration contract employees (LDCs) requires a specialized payroll solution, as the terms and conditions differ from permanent employees. 

At Forbay and Associates, we manage the payroll for LDCs efficiently, ensuring that your business adheres to contractual obligations while complying with regulatory requirements. 

 • Accurate Payroll for LDCs: We ensure that LDC payrolls are calculated according to the specific terms of the contract, including overtime, leave pay, and other applicable allowances. 

• Compliance with Labour Regulations: We ensure that LDCs are paid according to South Africa's labour laws, including regulations related to short-term contracts, and we manage UIF, PAYE, and other statutory contributions specific to contract employees.

 

Employee Self-Service via Mobile and Web Apps

In today’s digital age, employee self-service is a valuable tool for improving efficiency and employee satisfaction. 

We offer self-service apps for employees to manage their personal information, access payslips, and submit leave requests—all in one place. 

Instant Access to Payslips: 

Employees can easily download and view their payslips, ensuring transparency in the payroll process. 

• Leave Management: Through the app, employees can submit leave requests, view their leave balances, and track approval statuses, streamlining leave management for both employees and HR departments. 

• Personal Information Updates: Employees can update personal information, such as contact details and banking information, through the app, reducing administrative burdens for HR teams.

Why Outsource Payroll to Forbay and Associates?  

Accuracy and Compliance: We ensure that your payroll processes are accurate and comply with all relevant laws and regulations, reducing the risk of penalties and fines. 

- Cost Savings: 

Outsourcing your payroll eliminates the need for an in-house payroll department, saving you time and money while providing access to expert services. 

- Focus on Core Business: 

By outsourcing payroll to us, you can focus on your core business operations while we handle the complexities of payroll management. 

At Forbay and Associates, our goal is to provide payroll services that are not only compliant but also tailored to the unique needs of your business. 

Whether you’re managing full-time employees, limited-duration contract employees, or freelancers, we ensure that your payroll processes are handled with professionalism, efficiency, and compliance.