Our Forte

Year-End Accounts

Year-end Accounting is an essential part of keeping businesses compliant with Regulatory and HMRC Requirements, but they have the potential to offer much more. Prepared in the right way, they provide a vital tool to help your business run efficiently and provide valuable information for forward planning and decision-making. They are even used as a decision-making tool by banks while providing loans.
As we understand you and your business – and all the complexities of accounting and taxation – the team at Collab Accounting is ideally placed to perform year-end accounting in the context of your business’s needs and the bigger economic picture.

We’ll also identify strengths and trends within your accounts, and suggest solutions if we find areas where your business and its performance could be enhanced.

A Clear Picture

Year-End Accounts

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The scope of our work includes

  • Preparation of detailed working papers including lead schedules and control accounts
  • Analysis of expense and income
  • Reconciling control accounts with statement balances
  • Preparing extended trial balance (ETB)
  • Posting of workings in software producing accounts
  • Provide Draft accounts in iXBRL and pdf
  • Two-Level Review
  • Submit and File accounts with HMRC and Companies House
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You’ll need to provide

  • Last year’s working papers matching with submitted accounts
  • Checklist provided by Collab
  • Software backup, if any
  • Current year files and documents
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Reports we provide

  • Collab working papers (in excel) with index, lead schedules, hyperlinks and control accounts
  • Draft set of accounts
  • Abridged accounts
  • Software backup

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