While it may not sound glamorous compared to pitching investors or building your product, proper bookkeeping is one of the strongest signals of professionalism, discipline, and credibility. It’s often the silent deal-maker (or breaker) when it comes to funding applications, investment rounds, and even grant approvals. Let’s unpack why bookkeeping is such a powerful tool in your startup funding journey.

As a business owner, it’s important to understand what counts as a deductible expense, how to document it, and how to legally lower your taxable income. In this blog post, we break down the top deductions available to South African businesses to help you apply these to your own business.

Here, we’ll break down what an Income Statement is, how to read it, and how it can provide insight into your business’s performance.

Let’s take a closer look at what a balance sheet is, how it works, and why it’s essential for your business.