Annual Accounts Finalization.
Annual accounts finalisation turns a year of bookkeeping into financial statements ready for audit. We close the books, post year-end adjustments, prepare the balance sheet, profit and loss account, cash flow statement and notes in the Schedule III format, and apply the accounting standards that fit your company, so the auditor receives a complete, supported set.
Typically 2–4 weeks after the year's books are updated. The volume of adjustments, inventory and the number of related parties drive the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies and LLPs preparing for their statutory audit
- Businesses with in-house bookkeeping but no one to prepare notes and disclosures
- Entities that need a tax audit or bank submissions after year-end
- Companies moving to Ind AS or facing new disclosure requirements
What you receive at the end.
- 01Draft financial statements with notes, in the Schedule III format
- 02Schedules and reconciliations for each balance sheet item
- 03Current and deferred tax computations
- 04Audit-ready file for your statutory auditor
Annual Accounts Finalization, step by step.
Typically 2–4 weeks after the year's books are updated. The volume of adjustments, inventory and the number of related parties drive the time.
- 1
Year-end close
We complete cut-off, accruals, provisions, depreciation and inventory valuation.
- 2
Reconciliations and confirmations
We reconcile every balance sheet account and collect bank and party confirmations.
- 3
Tax provisioning
We compute current and deferred tax for the year.
- 4
Statements and notes
We prepare financial statements in the Schedule III format, with the notes and disclosures the accounting standards require.
- 5
Audit support
We hand over a supported file and respond to the auditor's queries until sign-off.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Year-end trial balance and ledgers
- Bank statements and confirmations
- Fixed asset additions and disposals
- Inventory count and valuation data
- Loan, investment and related-party details
- Previous year's audited financial statements
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Annual Accounts Finalization.
Ready to discuss Annual Accounts Finalization?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.