Services > Year-End Accounting

Reconcile Accounts:
- Bank Reconciliation: Compare the company’s financial records with bank statements to ensure all transactions are accounted for.
- Account Reconciliation: Verify that all ledger accounts are balanced and accurate
Review and Adjust Entries:
- Accruals and Prepayments: Ensure all income and expenses are recorded in the correct accounting period.
- Depreciation: Calculate and record depreciation for fixed assets
Inventory Count:
- Physical Inventory: Conduct a physical count of inventory to verify the quantities and values recorded in the books.
- Adjustments: Make necessary adjustments for any discrepancies found during the inventory count1
Prepare Financial Statements:
- Income Statement: Summarize revenues and expenses to determine the net profit or loss for the year.
- Balance Sheet: Provides a snapshot of the business’s financial position, including assets, liabilities, and equity.
- Cash Flow Statement: Tracks the flow of cash in and out of the business
Tax Preparation:
- Tax Calculations: Calculate the company’s tax liability based on the financial statements.
- Tax Filing: Prepare and file tax returns with the relevant tax authorities
Review and Audit:
- Internal Review: Conduct an internal review of the financial statements to ensure accuracy and completeness.
- External Audit: If required, have the financial statements audited by an external auditor to provide assurance to stakeholders

Compliance:Ensures the company complies with legal and regulatory requirements.
Financial Health:Provides a clear picture of the company’s financial health and performance over the year.
Decision Making:Informs strategic decisions by providing accurate financial data.
Stakeholder Confidence:Builds trust with investors, creditors, and other stakeholders by demonstrating financial transparency