Reconciled accounts
Keep bank and credit card reconciliations current and retain the supporting statements. Make outstanding reconciling items visible to the reviewer.
Supporting schedules
Prepare schedules for receivables, payables, loans, fixed assets, payroll balances, and other material accounts relevant to your business.
Business changes
Identify changes in ownership, financing, business activity, asset purchases, or entity structure. Your adviser can determine their accounting and tax implications.
A clear handoff
Agree on documents, responsible contacts, review questions, and delivery timing. Tax rules and filing obligations depend on the jurisdiction and circumstances; confirm them with an appropriately qualified adviser.
General information only. This guide is not individualized accounting, tax, legal, or investment advice. Discuss your circumstances with an appropriately qualified professional.