Our year-end financial accounts preparation service is a set of accounts that reflects how the business has performed over the past fiscal year. All businesses rely upon this document when seeking funding requirements from banks or finance companies. It also impacts the business owner's capacity to personally obtain a home loan or any other personal finance, such as credit and store cards.
We use the data captured by our bookkeeping and BAS services to build the framework of the accounts. The next steps are to make the necessary adjustments for other things, including interest depreciation, prepayments, debtors, creditors, and provisions. The accuracy of these accounts is important as the numbers are significant to the preparation of the business’ end-of-year tax return.