End of Financial Year Guide – Accountants Edition

How to efficiently review your clients end of year books

Preparing the clients End of Year financials should be an efficient and streamlined process, particularly in this age of connected technologies. However this is not always the case, some client’s books are not quite ready to review, containing incomplete or inaccurate information sometimes even when a bookkeeper has prepared them. This can create a burden for you and increase the likelihood of not recovering the time it takes to prepare the financials.

This session is about discovering best practice when it comes to accepting, reviewing and finalising your clients end of year accounts no matter what software product they use.

Attendees will also receive a package of End of Year Checklist and Reconciling Spreadsheets.

Learning Outcomes:

During this session attendees will learn:

• How to quicky identify if the clients’ books are not ready for review before you start the EOY accounts preparation

• About how to create a simple step by step checklist for the client to complete before delivering their End of Year bookwork to you

• How to identify if an opening balance issue has occurred in the file before processing and what to do about it
• How to make the client (or their bookkeeper) more accountable for the information they deliver to you at EOY
• Ways to eliminate the write off of time doing your EOY work
• Ways to bring the client’s data into your financial reporting system
• What not to adjust in your end of year journals and why

• What key reports to review from your clients accounting software
• How to balance your client file to your financials
• The key business reports that you can produce in order to start a proactive business conversation with your client
• How to reconcile the GST and PAYG Withholding for the year
• How to create a list of “after action” items and communicate with the client to further streamline next years EOY accounts preparation process
• What client’s want to receive back from you after the financials have been completed
• How to make this year’s Tax Return & Financials preparation the most efficient and rewarding ever

Suited to:

Accounting Professionals involved in the preparation of end of year financial statements and tax returns. Also beneficial for anyone involved in Business Advisory or Client Accounting Services (CAS or BPO) area and those assisting clients in software setup or support.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation