IT Mates

IT Mates South Africa – providing auditing and reporting software

IT Mates South Africa is team of professional Accountants and IT specialist. Established in 2002 and had since committed to the design, development, marketing and support of auditing and reporting software for auditors and financial reporting professionals.

The software is being used across South Africa with over 370 companies. IT Mates South Africa is a leader in auditing and reporting solution in South Africa. The Software are fully adapted to Nigeria and can be customize for each client to comply with International Financial Reporting Standards.

The Company understands the needs and difficulties in the profession and all the software developed by IT Mates South Africa is focused on meeting those needs.

We constantly strive to improve our products and assist you to make better use of them. Support services are designed to make it easy for our users to contact us and get the answers they need in record time.

The software

  • simple yet powerful
  • efficient yet easy to use
  • easy to learn
  • affordable.

The Company range of products include:

Auditmate – IT Mates South Africa Audit Software

AuditMate is a software package designed to assist accountants and auditors with client working paper file preparation. This includes audit and independent review working papers as well as automated Annual Financial Statements.

All AuditMate templates are based on up to date International Accounting Standards. We have created a practical audit / review documentation system based on the requirements of the International Audit, Review and Compilation Standards which is easy to understand, use and implement.

Accountsmate – IT Mates South Africa IFRS Reporting Software

AccountsMate is a software package designed to assist accountants with the preparation of  AutoMated Annual Financial Statements and related compilation and Accounting Officer working papers.

PML Advisory has fully adapted Auditmate and Accountsmate to comply with Nigeria regulatory requirements and International Financial Reporting Standards. We current have clients and external audit firms using Auditmate and Accountsmate in Nigeria.

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IT Mates

It has been 6 months of demanding work for most Auditors and Accountants. Most Companies in Nigeria are 31 December financial year-end. Some companies are 31 December due to:

For those that are mandated to have their financial year-end as 31 December, it is understandable but why do you choose 31 December when it is not mandatory for your company.

With 31 December being year-end for most companies in Nigeria, auditors and accountants work very hard to meet up with the reporting deadline. What you experience, is that Clients with fat cheques get the attention of the Auditors, and most time, they meet the reporting deadline earlier compare with smaller companies.

It is also a common occurrence to experience regulatory filing difficulties on the last day of filing of 30 June for 31 December year-end client. The heavy internet traffic on the Tax Authority website crashes the website on such date and usually difficult to file returns.

Instead of selecting 31 December as your financial year-end, you can also align your year-end with your business cycle. A school can choose 30 September year-end as it aligns with the Student Academic calendar.

Our suggestion is always if you are not mandated to be a 31 December year-end client, please choose another month for your financial year-end. You will receive better service and attention from your auditors and tax authority because work pressure will be less. March, June, or September is a good alternative financial year-end to choose.