Bookkeeping Checklist

This Bookkeeping checklist document is helpful for accountants, bookkeepers, and individuals to ensure that they have all the basic information required for starting an engagement with the client. This is not exhaustive documentation for the information required for bookkeeping. However, this provides an overview of the basic information required.

True Account Masters provides a wide range of Outsourced Bookkeeping Services to CPA, CA’s, ACCAs, and Tax practitioners, committed to providing excellent and timely services to clients with complete accountability and dedication. We can help you to be ready for the next season; our team of skilled Chartered Accountants & CPA’s helps firms leverage better flexibility and faster turnaround time.

• Incorporation document of business Entity

• Opening Trial Balance

• Income tax return of the last year

• Electronic Bookkeeping files

• Invoices issued to the clients/customers

• Details of advance payments received from client/customer

• Payroll details of employees

• Details of salary paid and calculation

• Cash Receipts

• CASH payment book (if at all maintained)

• Bank Statements

• Credit card statements

• Cheque stubs

• Invoices received for expenses incurred

• Receipts/invoices for the purchase of fixed assets

• Receipt of payment of taxes

• List of inventory items involved in the business

• Summary of any major event during the year

• Payments to shareholders

• Loan statement for a loan taken from the bank/ financial institution

• Details of withholding taxes paid (if any)

• Returns filed with tax authorities

• Any correspondence with government authorities

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