Management accounts still OK for BEE verifications?
14 September 2021
My manufacturing business has been growing steadily and I expect it will go above the R50 million turnover mark this... financial year. That said, its not a given, and I’m hesitant to spend on BEE planning before I’m sure we will go over this mark. Will I be able to first wrap up the financial year and thereafter do the necessary BEE expenditure and verify the business using management accounts for the first quarter after the financial year-end?