Checklist of Documents

Purpose of the Checklist For Bookkeeper, Accountants & Individuals:

This Bookkeeping checklist is helpful for the bookkeeper, accountants, and individuals to ensure that they have got all the basic information required for starting an engagement with the client. This is not exhaustive documentation for the information required for Accounting & bookkeeping services. Yet, this provides an overview of the basic information required.

FIFO Accounting provides a wide range of Virtual Bookkeeping Services to ACCA’s, Tax practitioners, CPA and CA’s: committed to providing excellent and timely services to the clients with complete dedication and accountability. We at FIFO Accounting can help you to be ready for the next season, we helps firms leveraging better flexibility and quicker turnaround time.

Documents for Master File

  • Incorporation documents of business
  • Opening Trial Balance
  • Electronic Bookkeeping records
  • Income tax return of last year

Sales

  • Invoices issued to the customers / clients
  • Details of payments received in advance from customers /clients

Cash & Bank

  • Cash Receipts
  • Cash payment book- if maintained
  • Bank Statements
  • Credit card statements
  • Cheque
  • Invoices received Against expenses incurred
  • Invoices received Against the purchase of fixed assets
  • Receipt of tax payments

Inventory

  • list and detail of inventory items

Payroll

  • Payroll details of staffs
  • Details of salary paid & calculations

Other Relevant Transactions

  • Summary of any key event during the year
  • bills to shareholders
  • statements of loan for a loan taken from banks/ financial institutions
  • Tax Returns filed with tax authorities
  • Details of withholding taxes paid – if any
  • Any correspondence with government authorities

Complimentary Consult

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