One Practice started as a simple idea: bank statements already contain everything a small business needs for its books — the trick is turning a PDF full of transactions into a proper set of accounts without hours of manual capturing. Upload a statement, let One Practice extract the transactions, categorize them with rules you set once, and get the figures you need for VAT and income tax season.
We built One Practicefor sole proprietors, close corporations and small (Pty) Ltd companies who don't want to learn full double-entry accounting software just to stay compliant, but still want their numbers to be correct.
One Practice is not affiliated with SARS, does not submit returns on your behalf, and does not calculate your final tax liability — that depends on your entity type, available deductions and rebates. What One Practice does is prepare clean, well-organized figures and reports (Income Statement, VAT Summary, Balance Sheet, Taxable Income Summary) so that capturing your return — yourself or with a tax practitioner — is fast and accurate.