Year End Accounting

Documents and Information to Take to Your Meeting with your Accountant

September 24, 2017

The documents and information will vary with the different businesses depending on the accounting software systems; whether the accountant has online access to the data file, type of accounting engagement (review or non-review) etc. Moncton Accountant

Your accountant may send you a letter around the time of your fiscal year end outlining the documents and information. If not, then a telephone call would be feasible.

A general guide would be as follows:

  1. Copy of incorporation documents for new companies
  2. Copy of the prior year’s financial statements and tax returns if applicable and your business had another accountant.
  3. Copy of trial balance (PDF format and printout) used for discussion with accountant.
  4. Copy of general ledger activity for year (PDF)
  5. Bank reconciliations
  6. Accounts receivable listing (note any doubtful or bad accounts)
  7. Accounts payable listing
  8. Note any owner contributions to business during year (cash and other assets)
  9. Copy of documentation regarding purchase of new equipment during the year along with related financing documents.
  10. Details of any equipment disposed during the year.
  11. Details of any new bank loans acquired during fiscal year
  12. Copy of all CRA correspondence during the year including the balances in all tax accounts.
  13. Any changes in ownership (new shareholders)
  14. Any changes in mailing addresses and business addresses.