Your accountant will review the allocations and ensure that each transaction has been processed correctly.
After all the queries are resolved and adjustments made, your reports will be compiled and sent to you.
Transactions are reviewed for accuracy.
VAT transactions are scrutinized (errors can be costly).
Taxable income and expenses are verified.
Adjusting journals, accruals, and depreciation.
Reports are prepared; Balance Sheet, Income Statement, Trial Balance and a few others.
VAT and PAYE calculations are checked before submission
Financial statements and specialized management reports are prepared.