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Confirmation of earnings letter

HomeConfirmation of earnings letter

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.


So, why does the bank request a confirmation of earnings?

The banks are trying to determine, whether you will have enough sufficient cash flows to meet the monthly installment service fees.

They will take into consideration, your other personal my monthly expenses to determine whether your average monthly earnings will still far exceed your monthly expenditures.

So, How can we help you with your confirmation of earnings?

We can assist you with an accountant’s confirmation of earnings letter. We are registered with the South African Institute of Chartered Accountants. We shall calculate and issue a confirmation of earning’s letter.

Remember, you cannot confirm your own earnings and this has to be done by an independent accountant.

To obtain assistance with your confirmation of earnings letter, please send us the following documents.

  • Bank statements for a period of at least 12 months.
  • Your name & surname
  • Your ID or Passport number
  • The name of your business
  • Address & company registration number

We also assist in the following areas if you are in the process of applying for finance.

  • Annual Financial Statements (Audited or Reviewed)
  • Management Accounts
  • ITA34 or IT34
  • Personal balance sheet
  • Share Certificate
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