Review the balances behind the profit figure
The handoff can include banks, cards, loans, customers, suppliers, inventory, payroll, taxes and owner transactions. We collect evidence for work and purchases crossing year end. The accountant determines the required adjustments and tax treatment.
Equipment purchases and financing need their own records. A monthly loan debit can contain principal and interest; a large card purchase may belong to an asset rather than routine supplies.
Keep filings and bookkeeping distinct
Corporate registry, tax filing and payment tasks follow their own requirements. We record responsibilities and completion evidence separately. Preparing the books does not mean a return has been submitted or a balance paid.
Illustrative example: a wholesaler’s late delivery
A Surrey wholesaler receives goods near year end but the supplier invoice arrives later. Delivery and ownership evidence, stock counts and the invoice support the cutoff review. The closing inventory schedule should agree with the accounting file used by the accountant, and approved adjustments should carry into the next year.
Questions about this work
Do you prepare the tax return?
Tax-return preparation and filing are separate unless included in the written scope. We confirm who reviews, submits and pays each obligation.
What happens after the accountant makes adjustments?
We retain the approved entries and reconcile them to the ongoing file so the next year starts from the agreed closing balances.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review