Ziyo
Accountants with Heart - Financial management expertise for NPOs
NPOs are required to maintain the highest standards of accountability to their stakeholders. This is where Ziyo works, supporting any aspect of financial management for NPOs
Our services
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Financial and Accounting ServicesFinancial Planning, Reporting and Monitoring
Financial fitness and health come through effective planning both in the short term and in the long term.
We assist with:
- Planning and budgeting
- Cash flow forecasting
- Financial sustainability
- Annual financial statements (compilation and Accounting Officer for NPO Act purposes)
- Financial reports
- Funding proposals
If your organisation does not have the resources to employ a financial manager, we offer ongoing financial management support relating to the effective planning, reporting and monitoring of financial and other resources.
Ziyo consultants have specialist NPO experience and are able to advise and support organisations, and their funders.
Reviews and Interventions
Ziyo can address the concerns that funders, governing bodies and/or staff members have about the effectiveness of the organisation’s financial management and compliance with regular, periodic or once-off reviews.
We also conduct assessments of accounting records, systems, financial reports, funding proposals and organisational structures – either for the non-profit itself or on behalf of funders.
- Internal auditing
- Monthly/quarterly review
- Error correction
- Fixing incomplete records or systems breakdowns
Bookkeeping & Payroll
Outsourced or in-house bookkeeping using leading accounting applications, spreadsheets and experienced bookkeepers. We are Xero and Sage Business Cloud Accounting partners.
Payroll administration can be complex and is frequently changing as new legislation is introduced and SARS strengthens compliance. Ziyo’s payroll administration results in accurate payroll reports, payslips, EMP201s, EMP501s and IRP5s based on the current tax legislation.
Ziyo can also register an organisation with DOEL and COID, and submit annual returns to COID.
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Tax Advice & Compliance- Advice and opinions on tax benefits and compliance for non profits, including how to structure a social enterprise.
- We help public benefit organisations to submit Income Tax Act compliant income tax returns.
- Registration for VAT and the calculation of pre-registration input tax claims
- Preparation of annual IRP5’s and related reconciliations
- Submission of monthly EMP201 returns and the bi-annual EMP501 returns on e-filing
- Advice on tax treatment of medical aid, pension fund and retirement annuity contributions
- Processing of the monthly payroll based on current tax legislation
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TrainingThe Ziyo team is passionate about training and capacity building. We offer customised training for one person or many, focusing on financial management and related governance. Ziyo runs open workshops on some of these similar topics for non-profits each year. We can also mentor finance staff.
Examples of Workshops Offered:
- Basic Financial Recordkeeping & Systems
- Introduction to NPO Financial Management
- Preparing Successful Funding Proposals – the Financial Aspects
- Financial Planning – Basic & Advanced
- Understanding Annual Financial Statements & Financial Reports
- Financial Sustainability (and the Tax Implications)
- Budgeting & Costing
- Good Financial Governance – Financial Oversight and the Responsibility of NPO Boards
- Effective Financial Monitoring
- VAT & NPOs
- Risk Management
- Financial Risk Scenarios
- NPOs and Employees
- Understanding Tax for NPOs/Tax Myths for NPOs
- Section 18A Benefits & Obligations
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Services to FundersFunders increasingly require assurance that the work they support is effective and sustainable. This requires a great deal of expertise and knowledge and many funders have found Ziyo’s support invaluable as we can:
- Assess the financial management capacity and health of current and prospective partner organisations.
- Provide capacity building and training to the staff of funding organisations with regard to budgets, financial statements and other financial reports.
- Carry out independent monitoring and review on a once-off or ongoing basis
- Support partner organisations to improve governance and reporting through mentoring and training.
- Provide tools for the effective financial monitoring of organisations.
- Review the annual financial statements and/or other financial reports of current and prospective partner organisations.
About us
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Ziyo
Our name is derived from the isiZulu and isiXhosa words for ‘heart’.
The Ziyo team is led by Chartered Accountants and includes accountants, bookkeepers and support staff. We are also linked with a network of professionals in other disciplines who work in the non-profit sector.
We have served the non-profit sector for over 25 years, and are a registered practice with SAICA, with a registered Tax Practitioner.
We bring values, skills and experience to organisations.
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Ziyo
You will find our clients working in deep rural areas, in boisterous townships, across our continent and in centres of power all over the world. They are challenging injustice, inequality and unfairness; they are bringing peace, hope and reconciliation; they are walking alongside agents of change, people of vision and broken spirits with great potential.
