I have recently completed the books for a client, he has now stated that his Accountant is asking for everything to be sent over, what is the standard information that they would need to complete the process for a year end set of accounts i.e. balance sheet, trial balance etc? I have everything in sage but the accountant processes manually.
A sage back up which they will be able to pull off the TB, NL and debtors / creditors aged listings (this assumes they have sage),
I would give them a bank rec if it does not tie in with sage,
For any debtors and creditors on the listing which are over 3 months old or are a negitive position I would give them a brieff note. i.e. they are legitimate or a potential error / bad debt etc,
Details of any stock @ cost at the year end and back up if you have any,
Copys of bank statements showing the year end balance or for the whole year if your reconciliations dont work,
Copys of your vat returns and associated workings if you have made any manual adjustments,
Wage info is probably not needed you could ask your accountant, I would generally not check this in great detail.
Some people provide all their invoices if this is not a massive amount of information. If this would not be possible you would probably provide copies of invoices for any capital items and analysis of any tax sensitive codes such as professional fees, entertainment etc,
Do the accountants want to do yoru clients personal tax return at the same time, if so you might want to get your client to gather his personal tax info,
To be honest if you provide the above this will be a good starting point and if anything is missing you are only a phone call away, it lso depends on the size and nature of the business as to the info required but if i got the above for a standard small sage job i would be happy.
Just a quick list so anyone feel free to add to this as they see fit.
-- Edited by adi2402 on Thursday 3rd of June 2010 10:39:01 AM
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