YOUR NUMBERS
Bring the year together before it becomes a last-minute scramble.
Year-end preparation connects the accounting records, supporting schedules and decisions needed for an agreed set of financial statements. Farwa helps organise the work around the entity, period and intended use. The exact reporting basis is confirmed before preparation is described as complete.
Gather the information that supports the balances
The work may require a trial balance, comparative information and schedules for significant accounts. We identify missing records and questions needing your management's input. Estimates, accounting policies and other important judgements require appropriate review rather than an automatic software setting.
Work through the draft
Statements and agreed supporting material are prepared from the approved information. Corrections and disclosure questions are recorded for decision. The scope explains what is being prepared and whether additional professional work is needed. The same document is not assumed to suit every entity or recipient.
Understand the finished document
Prepared financial statements do not automatically carry an audit opinion. Any separate assurance or regulated service needs the appropriate engagement and authority. The final handover identifies the period, version, purpose and outstanding limitations so you can use the output within its intended boundaries.
Common questions
Can this include clearing a bookkeeping backlog?
It can be proposed as a separate component. The condition of the underlying records affects the preparation work and timetable.