If you haven’t kept books throughout the year or you’re switching accountants and inheriting a backlog – this service reconciles a full year of transactions into a clean, accurate, and complete set of records, ready to hand to financial statement preparation.
What’s included
- Full-year bank and credit card reconciliation from your raw statements and records
- Reconstruction and classification of transactions where records are incomplete
- Reconciliation of director’s loan accounts, receivables, and payables for the full year
- A clean, compiled set of books handed off ready for financial statement preparation
Who this is for
Businesses catching up after a gap in bookkeeping, switching from a previous accountant with unclear handover records, or approaching financial year-end without current books.
How this is different from our other services
This service compiles your books – the underlying transaction records for the year. It’s a separate, earlier step from our Unaudited Financial Statements service, which takes compiled books and prepares the SFRS-format financial statements for ACRA filing. Many clients need both in sequence at year-end; some only need this step if their statements are prepared elsewhere.