318 Accounting Executives

318 Accounting Executives is a well-established 100% Namibian owned firm founded in 2012, providing Tax and Accounting services to Indigo Consulting (Pty) Ltd for the period of 3 years. Thereafter, 318 Accounting Executives went on full operation in August 2016 which started with 5 employees. 318 Accounting Executives is a NIPA registered company that aims to improve the financial outlook of our clients and our community as well as to empower the youth from previously disadvantaged communities.

 

“There are no shortcuts to any place worth going.”


― Beverly Sills

About Us

Our strength is our people, whose skill, knowledge and integrity keep us in the forefront in our industry.

"The aim of education is the knowledge, not of facts,but of values."


-William S. Burroughs

 

 

Company Overview

318 Accounting Executives is a well-established 100% Namibian owned firm founded in 2012, providing Tax and Accounting services to Indigo Consulting Pty Ltd for the period of 3 years. Thereafter, 318 Accounting Executives went on full operation in August 2016 which started with 5 employees. 318 Accounting Executives is a NIPA registered company that aims to improve the financial outlook of our clients and our community as well as to empower the youth from previously disadvantaged communities.

Our firm’s main objective is to provide employment, equip the youth with accounting skills to become professional accountants. We make a strong commitment to our clients, and have a vested interest in their success. Our firm has made significant strides in growing its market share and the staff complement. We are known for our responsiveness, friendliness and knowledge. Our strength is our people, whose skill, knowledge and integrity keep us in the forefront in our industry. We are committed to supporting each member of our firm and our clients, in an atmosphere of respect and trust. We value community and endeavor to participate to improve individual lives. With increased infrastructure, we hope to recruit and grow our staff compliment even further in the next 3 years.

We offer professional accounting services around true single point of contact, with a well-trained team of experienced and diverse professionals. Our distinguishing feature is that we are service driven and strive at all times to be a one-stop shop for our clients’ accounting, tax and business advisory requirements. We continuously position ourselves in the community as being both flexible and adaptive to the varying cultures and needs of our clients.

Our Vision

318 Accounting Executives is guided by the following core values and principles:

  • Excellence
  • Trust and respect
  • Integrity
  • Efficacy
  • Flexibility
  • Accountability
  • Professionalism
  • Good citizenship

Our Mission

318 Accounting Executives is committed and passionate in providing professional, timely, comprehensive accounting services to our clients, using a balance of innovation and practicality. As a growing modern firm, we provide professional accounting and consulting services.

We are committed to:

  • Providing value for money services
  • Empowering our people and to stay the employer of choice
  • Promoting accountability
  • Delivering quality work exceeding stakeholder expectations and adding value to their business
  • Creating and maintaining a long-lasting personal client relationship based on total mutual honesty, trust and respect

“There's only one growth strategy: work hard.


-William Hague

Our Services

Clients receive practical advice on business issues tailored to meet their objectives from experienced accountants and business advisers. The firm has adequate resources to advice on most financial matters. Clients can be assured that the advice received takes into account the client’s culture and customs in addition to applicable laws and regulations, thus ensuring the success of their business.

 

"One of the deep secrets of life is that all that is really worth doing is what we do for others."


Lewis Carroll

 

 

Accounting

We offer a comprehensive range of business accounting services, which include but not limited to:

  • Acting as accounting officers for Close Corporations in compliance with the Close Corporations Act, 1988;
  • Preparation of Annual Financial Statements for all business entities in compliance with Namibian accounting standards or IFRS, as the case may be
  • Compiling audit files for companies and liaison with auditors
  • Preparation of Consolidated Financial Statements and Interim Financial Statements
  • Review current accounting procedures and internal controls
  • Implement or improve on computerized accounting systems
  • Training and support to accounting staff
  • Preparation of yearly/monthly budget and cash flow projections

Bookkeeping

We provide bookkeeping services to entities with limited resources that wish to focus management effort on growing their business. The scope of services is as follows:

  • In-house or client-based processing of all bookkeeping information for clients;
  • Preparation and submission of monthly / bi-monthly VAT and Import VAT returns according to applicable legislation;
  • Preparation of management accounts (including tax liability and payments due forecasts) in a format adaptable to client needs;
  • Attending to PAYE returns, preparation of annual PAYE certificates and reconciliations;
  • Assistance with Employee Compensation / Social Security returns;
  • Assistance with VET returns, claims and payments
  • Temporary secondment of our staff where client staff is not available to perform their duties (e.g. whilst on leave)
  • Payroll services to clients

Company Secretarial Services

We also offer secretarial duties, which include the following:

  • Registration of Companies and Close Corporations (with shelf entities available for immediate use);
  • Registration of all business entities and individuals for Value-Added Tax; Income Tax; Provisional Tax; PAYE; Social Security and Employees’ Compensation;
  • Maintaining all company secretarial records as required by statute
  • Attending to share transfers, changes in Share Capital and submission of company returns to the Registrar of Companies;
  • Appointment and removal of directors;
  • Payment of Annual Duties;
  • Preservation of defensive names;
  • Maintenance of minutes books and notifications of meetings
  • Any other Company secretarial matter

Taxation

Personal Taxation
The Firm also advices on taxation of individuals.

Corporate Taxation
Taxation affects all businesses. Developing effective tax strategies that encompass the whole entity is essential, with the impact of an approach of a particular transaction/s considered in relation to its effect on the overall tax position of the entity and objectives of management. It is also a fact of life that the tax legislation is becoming ever more complex. The Firm has specialist knowledge and experience to assist clients deal with all the different aspects of taxation and, where required, negotiate with Receiver of Revenue on their behalf. The Firm aims to minimize taxation therefore maximizing wealth, whilst ensuring compliance with relevant legislation.

For example, we advise on:

  • Compliance requirements
  • VAT
  • Withholding taxes
  • Employment taxes and employee benefits
  • Customs duties

“...talent means nothing, while experience, acquired in humility and with hard work , means everything.”


― Patrick Süskind

Our Clients

Our clients are our partners and are the life-source of our business. We continually strive to operate a highly effective and efficient organization, focused on meeting their objectives.

Our attitude towards others determines their attitude towards us.


- Earl Nightingale

 

 

Prominent clients serviced by the firm include:

  • National Road Safety Council
  • Young Designers Advertising CC
  • Quick Truck Repairs CC
  • Shalli Mining (Pty) Ltd
  • Tal Valley Shell Service Station
  • Mindscape Events CC
  • Sholela Investment Holdings (Pty) Ltd
  • Public Service Union of Namibia
  • DEOE Holdings(Pty)Ltd
  • Regional Electricity Regulators of Southern Africa (RERA)
  • Gilgal Consulting Engineers CC
  • Tauben Glen Pharmacy CC
  • Bach Street Investments CC
  • Destiny Travel and Technology CC
  • Windhoek West Pharmacy CC
  • Khomasdal Meat Market CC

“The strength of the team is each individual member. The strength of each member is the team.”


― Phil Jackson

Meet The Team

It takes dedicated, capable, and experienced people to be part of the team to inspire the positive growth of the company.

Marcellino E Mouton

Partner

marcellino@318accounting.com
+264 811 441 777

Sem T.P. Nakanyala

Senior Accountant

stpnakanyala@318accounting.com
+264 813 577 274

DID YOU KNOW

We are proud of our achievements and we are happy to declare that to date , we have over...

DAYS SINCE 318 Accounting Executives WAS FOUNDED
DAYS SINCE FULL OPERATION
PROJECTS COMPLETED
CUPS OF COFFEE CONSUMED

Internship Training

318 Accounting Executives signed a Memorandum of Understanding (MoU) with Namibia University of Science and Technology (NUST) in March 2016 which will see students in the Accounting and Business Management sector gaining practical experience through internship at its facilities.

The 318 Accounting Executives internship program provides university/college students with guaranteed internship placement in premier Accounting internships. Accounting internships are crucial for any student looking to become a professional accountant. Working in an Accounting Internship typically involves supporting either one or a variety of departments with their tasks, including accounts payable, accounts receivable, billing, budgeting, cost debiting/crediting, financial statements, and payroll while utilizing accounting computer software packages, spreadsheet programs, and a wide variety of general office skills.

The work experience and opportunity to interact with potential / prospective employers facilitates the transitional phase for those who will be applying for permanent employment. Therefore, undergraduates are required to participate in an internship programme before completing their course of studies.

“We are excited with our partnership with NUST as we are keen on empowering and motivating our Namibian youths that are determined to graduate and follow their dreams and we will do our best for them to achieve it” says the 318 Accounting ExecutivesServices Director Mr. Marcellino E. Mouton.

 

"Those who know, do. Those that understand, teach.”


- Aristotle

 

Candidates will be trained on the following tasks:

  • Introduction to Bookkeeping
  • Need for keeping records
  • Double entry book-keeping principles
  • Recording transactions into books of prime entry
  • Creating invoices, sales and purchases, Credit notes
  • Maintenance of day books (Cash/Purchase/Sales)
  • Recording opening balances in the ledger
  • Balancing off Ledger accounts
  • Journals and adjustments
  • Posting Payroll summaries
  • Bank Payments and Receipts
  • Bank Reconciliation
  • Preparing Trial Balance

Our Pricing

Our strength is our people, whose skill, knowledge and integrity keep us in the forefront in our industry.

“Value is more expensive than price.”


― Toba Beta

 

 

Our fee structure is based on the following:

318 Accounting Executives fees are based on time spent on a client’s affairs. We use Jetpack Workflow (Practice Management System) software, one of the most modern and advanced systems available.

Each staff member is required to complete a daily time sheet, stating the time spent on each client’s tasks – this forms the basis of our charges.

The charges are calculated by multiplying the time spent with a specific hourly rate. The rates we apply vary from staff member to staff member, depending on the skill required to perform a certain task and range from N$350 to N$1200 excl VAT.

Please note that we subscribe to quality work principles; and therefore do not compete on price but rather on service delivery.

On completion of an assignment, we will invoice the client and fees are payable on presentation of invoice. In the case of assignments that stretch over extended periods of time or where the client is not forthcoming with information requested, we may issue interim invoices.

Get in Touch

If you would like to know more about us, or if you have questions about our services, please do not hesitate to contact us. We look forward to assisting you with all your accounting needs.

Contact Info

318 Accounting Executives
MVA Fund Building
Viljoen Flat. Unit B
Windhoek (+264) 811 441 777