Breaking News & Updates
Looking For Bookkeeping Work? This is How You Can Stand Out To Employers. ezylearn.com.au/2022/01/looki…
30 JUNE IS VERY LIKELY a date dreaded by most bookkeepers. If you’re new to bookkeeping, we know it takes a while to remember everything that needs to be done, which is why we’ve been putting together blogs containing EOFY tips and checklists to make sure you make it to August!
And continuing in that tradition, we’ve put together one more checklist to help you out with your end of financial year analysis — some tips on keeping your clients’ accountants happy.
End of Financial Year Checklist to Keep Your Accountant Happy
Once you’ve done all of your EOFY reports, reconciliation and payroll (see our EOFY payroll checklist), you’ll need to forward on a few reports to your clients’ account.
These reports will vary from client-to-client and depend greatly on the size of the company, entity, or what services you’ve been engaged to provide, but typically every accountant will need the following:
- Reconciliation Reports — BAS GST, payroll and accounts
- Reports — balance sheets, P&L, general ledger accounts, accounts receivable & accounts payable at 30 June
- Details of any motor vehicle usage
- Accounting Information System copy of data file (backup)
Want to learn everything you need to know about Xero? Our Xero online training courses include EVERYTHING for ONE LOW PRICE. Furthermore, if you select our Lifetime Membership option, you’ll have LIFETIME access to our ongoing course updates. EzyLearn courses are endorsed by industry professionals and can be counted towards Continuing Professional Development (CPD) points. Find out more about our Xero online training courses.
-- Did you like what you read? Want to receive these posts via email when they are published? Subscribe below.