Khumo-Letlotlo Advisory

19/05/2026

Weekly reconciliations today prevent costly surprises tomorrow.

04/05/2026

--Watch your costs, and profits will follow--

Most businesses focus heavily on sales. The assumption is that more sales automatically means more profit.

But in reality, profit is often lost quietly in day-to-day spending that doesn’t get monitored closely.

When costs aren’t clearly tracked, decisions get made based on guesswork instead of real numbers- and that’s usually where margins disappear.

Clarity around your numbers changes that. It gives you the confidence to make better decisions in your business.

01/05/2026

Today we honour the hands and minds that keep the world moving. Every job, every effort, every worker matters.

Happy Labour Day!

21/04/2026

Often times when we speak to small business owners about bookkeeping, they say:

"I already have an accountant."

Here’s where the confusion lies:
Accounting is not one single service.

It’s a field made up of different parts, just like you have:
• Tax services
• Audit & assurance
• Financial reporting

You also have Bookkeeping.

These are all part of accounting-
but they don’t do the same thing, and they don’t happen at the same stage.

Bookkeeping is the starting point.
It involves capturing your daily business transactions:
• Money coming in
• Money going out
• Account reconciliations to ensure that everything is recorded accurately

Accounting comes after that.
It uses that information to:
• make year-end adjustments for future costs and obligations
• ensure that financial statements comply with accounting standards and legal reporting requirements
• detailed analysis of business performance

So the difference is simple:
Bookkeeping prepares the information.
Accounting uses the information.

If the first step isn’t done properly, everything that follows is affected.

That’s why having “an accountant” doesn’t always mean your books are being properly maintained.

18/03/2026

Voices for fair and growth-friendly tax reform -we’re in! 💡

Re on Kamoso!

TAX PITSO 2026

Theme: “Shaping Botswana’s Future Tax System: Dialogue for Fair and Sustainable Tax Reform”

The Vice President and Minister of Finance will be convening a Tax Pitso with key stakeholders on 19 – 20 March 2026.

The objective of the Forum is to gather insights, lived experiences and technical perspectives that may not always be immediately visible to policymakers. The forum, which aims to bring together diverse views will support the development of a more effective and growth friendly tax laws as well as operational systems that minimise economic

Click on the links below to attend virtually

12/03/2026

**Cleaning up a Medical Practice***

“Sometimes, cash flow problems aren’t about making money - they’re about what’s left unclaimed or unrecorded.”

In October last year, a medical practice came to us for bookkeeping support.

They already had an accountant, but their day-to-day financial records were not properly maintained. Transactions were inconsistent, and the owner lacked clear visibility of the business’s performance.

After reviewing the books, we found:
▪︎ Transactions not consistently captured
▪︎ Bank accounts not properly reconciled
▪︎ Some tax matters and filings left unresolved
▪︎ The owner did not have clear and reliable monthly financial reports to track business performance

During the clean-up, we also discovered:
▪︎ Medical aid claims from previous months had not been submitted, meaning the clinic had lost tens of thousands in revenue and faced cash flow pressure
▪︎ Some submitted claims had been rejected and part of the income was lost due to claims not being resubmitted
▪︎ Discrepancies between cash co-payments received and bank deposits, highlighting weak cash handling procedures

We helped by:
▪︎ Organizing historical records and updating all transactions
▪︎ Reconciling the bank accounts
▪︎ Following up on unresolved tax matters
▪︎ Identifying unsubmitted claims and revenue gaps
▪︎ Strengthening internal financial controls

Good bookkeeping is essential to protect your revenue. Every claim and payment matters. Failing to track transactions properly can mean losing thousands in income. Accurate financial oversight keeps your business profitable and in control.

12/02/2026

Paper receipts or digital documentation?

While paper files have their place, we encourage our clients to move toward fully digital records. Digital documentation improves your audit trail and gives you access to your documents anytime, anywhere.

The future of bookkeeping is organised, secure, and paperless.

07/02/2026

Are you a small business owner?

Take note of the tips below to keep your books in order, save money, and avoid unnecessary stress. When your records are right, your business runs better, even before hiring a bookkeeper.

31/01/2026

These checks form an essential part of the month-end close process.

13/01/2026

We appreciate the opportunity to support your farming business🙏🏽

13/01/2026

For a long time, we looked at Cattle farming mainly as a passion. Working with Khumo-Letlotlo Advisory has helped us see it more clearly as a business as well. Keeping proper financial records has made us more aware of our real costs, instead of relying on estimates.

Having this information has helped us understand our profit margins and make better decisions for the farm. It has also shown us the importance of running farming properly.

We gladly recommend them to any other farmer who is looking to take their farming to the next level.