AFS Planning
The AFS Planning module helps you track and manage the preparation of Annual Financial Statements (AFS) for your client entities.
What is AFS Planning?
Annual Financial Statements are a legal requirement for most South African companies. The AFS Planning module helps you:
- Track which entities need AFS preparation
- Monitor preparation status across your portfolio
- Coordinate the review and sign-off process
- Ensure timely filing with CIPC and SARS
AFS Workflow
Planning → Preparation → Review → Client Approval → Filing → Complete
| Stage | Description |
|---|---|
| Planning | Identify entities requiring AFS, set timelines |
| Preparation | Accountant prepares financial statements |
| Review | Partner reviews the draft AFS |
| Client Approval | Client reviews and approves |
| Filing | Submit to CIPC/SARS as required |
| Complete | All filings done, archived |
Accessing AFS Planning
AFS Planning is available through:
- Compliance → AFS Planning section
- Entity Detail → Obligations tab (AFS-related obligations)
Planning Features
| Feature | Description |
|---|---|
| Entity List | All entities requiring AFS with year-end dates |
| Status Tracking | Current stage for each entity |
| Deadline Monitoring | Days remaining to filing deadline |
| Assigned Staff | Who is responsible for each AFS |
| Document Links | Link to draft and final AFS documents |
Year-End Calendar
Use the compliance calendar with an AFS filter to see:
- All year-end dates across your portfolio
- Preparation deadlines (typically 3 months before filing)
- Filing deadlines (12 months after year-end for ITR14)
Planning Ahead
Start AFS planning 2-3 months before the entity's year-end. This gives enough time for trial balance reviews, adjustments, and the preparation process.