Changing your accountant
Agree a handover date, review the database and identify matters that remain with the previous provider.
Records and reporting
Accounting
support.
Accounting for a company starting operations, changing providers or delegating part of the work. Organise records, transactions and report preparation, with a clear view of completed work and matters that need a decision.
Discuss your accountingOngoing support / a defined accounting area
DocumentsRecordsReports
Your situation
A clear task.
A starting point.
Find the situation closest to yours. Use it to start a conversation about the support you need.
Setting up your records
Your company is starting to trade and needs a document flow, accounting records and clear responsibilities.
Supporting your own team
Keep your internal accountant and bring BMS into a defined area such as calculations, reconciliations or reporting.
Scope of work
What the
work covers.
These are the possible areas of work. Your proposal specifies the relevant tasks, outputs and responsibilities.
Receiving documents
Review supplied materials, clarify transactions and list missing records and questions for your team.
Recording transactions
Maintain the agreed areas of the accounting database: purchases, sales, receipts, payments and balances with counterparties.
Reconciliations and period close
Compare records with available documents and identify discrepancies, outstanding balances and items requiring clarification.
Preparing reports
Prepare the accounting and tax reports included in the engagement. Agree who reviews, approves and files them before submission.
Employee calculations
Where included, calculate payroll using supplied information and connect the results to the accounting records.
Handover and reconstruction
Review the database, opening balances and earlier periods. Missing historical records are handled as a separate scope.
The output
What you
receive.
Agree the format and scope before work begins, so you know what you will receive and how it can be used.
Discuss the output I needProcessed accounting records with explanations of outstanding matters.
Reports and calculations for the agreed accounting areas.
Missing documents, discrepancies and people responsible for clarification.
A process for document exchange, calculation approval and period close.
An illustrative task
The accountant is changing, but operations continue
The database and documents need to move without losing unfinished work from an earlier period.
The work
Set a transition date, review delivered records, separate ongoing accounting from reconstruction and prepare questions for the former provider.
What the company receives
A handover plan, an inventory of inputs and open issues, followed by the selected accounting work.
The working process
From a conversation
to practical steps.
Understand the starting point
Discuss your activity, database, transactions and the work you want to delegate.
Plan the handover
Agree the start date, areas, balances, outstanding items and access arrangements.
Establish the working cycle
Receive records, resolve questions, record transactions and prepare the agreed outputs.
For the first conversation
Tell us about
- Activity and approximate purchase, sale and payment volumes
- Accounting system, database condition and last closed period
- Reports prepared and unfinished tasks
- Employee numbers if payroll is included
Before we begin
Other questions
to consider.
Can we keep our own accountant?
Yes. BMS can support a specific area. Tasks, data access and responsibility for the final reporting are agreed in advance.
Can a handover take place during the year?
Start with the intended date, database and open periods. The handover scope follows a review of the available records.
What if documents are missing?
First identify the gaps and possible sources. Any reconstruction work is assessed separately.
Which accounting systems do you use?
Tell us which system and data formats your company uses. Compatibility and any migration are checked before the assignment is accepted.
Read before we begin
Understand the task.
Start with a conversation
What matters
to your business?
Tell us about your task. We can discuss the support you need and where to begin.
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