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-- Edited by GraemeM on Tuesday 2nd of May 2023 11:57:56 AM
Ethics dictate that you do not undertake any work that you do not know how to do. Please do your client a favour and pass this on to someone who knows what they are doing. Or at the very least buy in some expertise. You do not give enough information, but there are lots of issues to cover off from the few nuggets you have provided.
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-- Edited by GraemeM on Tuesday 2nd of May 2023 11:58:10 AM
Seriously, so you are ignoring ethics then? Ignoring the fact that you have no idea how to do this and carry on regardless, probably to the detriment and cost of your client. The way you have styled the question indicates you have no clue about what you are doing. No disrepect intended, but you should know your limits, especially if you are following professional body rules (and looking like intending to break them)
All very well doing the sole trader bookkeeping but you have now entered accounting and tax territory.
It is not just about the journal entries is it. There are potentially huge tax implications of what the client is doing.
You havent even indicated if you have any formal valuations and whether or not everything including the property has or will be transferred in. (Your client will also need legals).
Who suggested incorporation? Who structured it? Hopefully an Accountant. In which case ask them for the journal entries if that is all you are looking for. Once again, you have provided too little detail for anyone to answer this properly if its only the entries you are needing. If its more than the entries then you need to STEP AWAY.
Your edited version makesas much sense as your original post. In fact using a chopped-up version of an actual Latin text that cannot be translated is actually more sense. Childish.
