Accounts preparation or review
Preparing accounts from business records differs from reviewing accounts that have already been drafted. The scope should identify the starting point, the period covered and the output required.
Where records need further work, that task belongs in the project scope. Our bookkeeping page covers regular and catch-up record-keeping that may precede accounts preparation.
Supporting records for the period
For a UK limited company, the government’s accounting records guidance (gov.uk) covers money received and spent, assets, liabilities, stock, purchases and sales, with supporting documents. The relevant record requirements depend on the type of business.
Work may need to address missing transaction information, outstanding balances or records held in several places. Identifying those issues early gives the preparation task a clearer boundary.
Separate accounts from other responsibilities
Accounts preparation, tax work and filing responsibilities need to be defined individually. Discuss who will provide information, who will review the finished work and which submissions form part of the appointment.
If an existing adviser handles another part of the process, consider how the work will fit together. A request for annual accounts should make these dependencies clear.
Discuss your year-end work
Use the contact form to outline the year-end accounts work needed for your Manchester business and the period it concerns.