The Accountant’s confirmation of earnings letter is a letter written by an accountant confirming, the annual or monthly earnings of a director or owner of a company.
To carry substance, the letter must be written and signed off by an accountant or auditor in good standing with a controlling body such as SAICA, SAIPA or SAIBA.
Normally, the accountant, will identify and add up all the withdraws made from the company’s bank statement for the private consumption of the director or owner.
He will then determine, the monthly average of withdraws over a period of 12 months.
This figure, becomes the average monthly confirmation of earnings for the director or owner.
You can view an accountant’s confirmation of earnings letter by clicking here.