Getting Your Books Ready for Your Tax Preparer
Your tax preparer will tell you exactly what they need, but these items are commonly requested. Having them ready saves time.
Reports
- A profit and loss summary for the year.
- A balance summary as of year-end.
- A list of unpaid invoices and unpaid bills at year-end.
Reconciliations
- All business bank and credit card accounts reconciled through year-end.
- Final statements for each account.
Records for larger items
- Documents for equipment, vehicles or other large purchases or sales.
- Loan statements showing interest paid and balances.
People
- Payroll summaries and year-end forms for employees.
- Information about contractors you paid.
Questions
- A list of anything unusual that happened during the year.
If you would like us to prepare this package, see year-end preparation. Tax return preparation itself is a separate service from bookkeeping.