In addition to the above records the following schedules will assist us in completing your end of year accounts. We can prepare these schedules ourselves but if you will prepare them, it would reduce the time we spend preparing your accounts:
- A list of fixed asset additions with copy purchase invoices provided
- A stock list at year end. This should be at the lower of cost and net realisable value
- Details of work in progress at the year end
- A list of debtors at the year end, their age and an indication of any that unlikely to pay
- Sales ledger control account reconciliation
- Reconciliations for all bank and cash accounts
- A list of trade creditors at the year end and their age
- Purchase ledger control account reconciliation
- Details of PAYE owed at the year end
- Details of VAT owed at the year end
- Schedules of key and tax sensitive profit and loss accounts such as repairs, sundry expenses, entertainment, etc
Please talk to us about your own circumstances. If needed let’s discuss what you can do to improve your records. Let’s decide together what records to provide to us at the end of your financial year.