Prys Accounting belongs to everyone

Get on board with Africa's most complete business management software, we made this software for small and growing businesses, and it belongs to everyone.

We not kidding, it is R1000 a share

How are we doing?

250 / 1,409 Shares Sold

Capital Required: R1,409,000
Capital Raised: R250,000

Software Type New Registrations Active LicensesInactive Licenses Total Licenses Renewal Revenue Target (28 February 2023)
Trader Accounting262026 R10741200
Point of Sale7131115246 R326191850
Cloud Accounting 3312960 R123691200
Free Trial 4343687730R03500
Capital Needed Capital Raised Capital to Raise Equity Available Investors Price per share Status
R1,409,000 R250,000 R1,159,000 45% 5 R1,000 Running

Introduction

In 2016 we started a business with goal of keeping small and medium sized businesses profitable and sustainable. We did this by providing affordable quality Point of Sale systems and Software.
Over the years we became known for affordable point of sales system, we changed the game and became one of the first online shops where one could buy a complete Point of Sale solution with no hassles.
In 2018 we changed the game by developing a world class Accounting, business management, point of sale and HR management software. We have steadily grown our user base and kicked a lot of butt over the years and we now have reached a stage where we need to reach a bigger market and really make a bigger change.
We are inviting you to be a member, investor and part of the team and help reach more businesses in Africa and beyond.

History

Been here for some time, our journey started in 2016 at Bits N Bytes, a small online store that focusses on Point of Sale systems.
In 2018 we realised most of our customers were still having trouble with Point of Sale reports and other software issues that we had no control over. Then we developed Bits N Bytes ERP to address these issues. We then dropped Quickbooks, Odoo and IQRetail from our service lists
With the growth of Bits N Bytes ERP we decided to change our pricing structure to a month to month subscription that made us a full on SAAS.
The new version of Bits N Bytes ERP was added in 2019
As we continued to grow we realised we needed to identify ourselves and distance a bit from Bits N Bytes, so we rebranded our business to Prys Accounting and a new version of software services were born

Just to remind you! By investing in Prys Accounting, you are investing in rapid growth startup business that is already in the market. There are over 5 Million registered businesses in South Africa alone, and more than 15 million potential business customers accross Africa.

The Proposal

We are now in 2022, lets make this year count as the world gets ready to return to a little bit of normal. We are raising R1,409,000 on this round.
Funds to be allocated to the initial six months of operation:

  1. Pre-Opening Salaries and Wages Excluding Commisions - R927,000
  2. Inventory and Equipment: R180,000
  3. Legal and Accounting Fees: R80,000
  4. Rent Deposits: R72,000
  5. Advertising and Promotions: R30,000
  6. Working Capital (Cash On Hand): R120,000
Total Working Capital: R1,409,000

Capital Needed Capital Raised Capital to Raise Equity Available Investors Price per share Status
R1,409,000 R250,000 R1,159,000 45% 5 R1,000 Running

Our current price per share is R1,000 and we have some nice pecks for every one that chips in. These are just "customised thank you" pecks they do not hold a resale value and may not be resold.

Pecks

Peck Share (Number) Image
Africa Marker/Pen 1
Customised Notebook Stand 10
Set of 8 Keyrings 40
A seat at the board 150
Day to Day Partner Option 350

More Details

Market Analysis
Prys Accounting is well positioned in an industry that enjoys little competition. There are over 5,000,000 registered businesses in South Africa. 90% of them are SMEs, and only 20% of them use an accounting software, that leaves us with a potential market of over 3,000,000 users

Download Market Analysis


Financial Analysis
Prys Accounting collects subscriptions from users on a month-to-month basis with very profitable margins on software; 80% of our users sign debit order forms that makes it easier and painless to collect subscriptions.
Yearly Drop Rate (Cancelled Contracts): 30%
Yearly Growth rate, New contracts: 180%
Breakeven Point: December 2022
Institutions: We use Tasa Accounting for all our accounting work, they have years of experience and an energetic team that will be helping us with all our share transfer and accounting needs.
For all our management accounting reports, we rely on... obviously (Prys Accounting)
Available Documents to Investors: Previous years' finacial statements, Financial Projections, Business Plan, Management Accounts.

Prys Accounting intends to pay dividends within 16 months, we are already profitable and with your investment we will be able to collect more profits. We expect to generate a gross profit of:
Year 1: R5,628,194
Year 2: R19,741,371
Year 3: R33,527,827
These figures are inclussive of monthly renewal subscriptions.

Our Team

  1. Nkosikhona Carlos (Developer - New Business - Co-Founder)
  2. Sisanda Lungapi (Finance Manager Co-Founder)
  3. Lereko Qoshololo (Developer)
  4. Ncebakazi Rozani (Developer)
  5. Abongile Sigweba (Administrator)
  6. Bongani Phakathi (Support Team)
  7. Kenny (Part Time New Business)
  8. Nandipa (Part Time HR and Bookkeeper)

Lets get started.

Great to see you here, please fill in the form below to request a non-disclosure agreement. Once the NDA is signed you will receive:

  • Financial statements 2019-2022
  • Five year financial projections
  • Business and Marketing Plan
  • Access to Website Traffic Statistics
  • User Statistics