Annual Accounts & Financial Reporting
Know how your business performed — and what the numbers are telling you.
Your annual accounts shouldn't simply disappear into a filing cabinet after the tax return is completed.
They provide an opportunity to understand how the business performed, clarify your tax position and identify financial matters worth paying attention to.
JOE CA prepares annual financial statements, reviews the results with you and can provide additional reporting during the year where agreed.
Is this service for you?
We can help if you:
- Need annual financial statements prepared.
- Need year-end accounts to support your business tax returns.
- Want to understand how the business performed over the year.
- Need financial information for planning or budgeting.
- Want more regular reporting during the year.
- Want someone to explain what the numbers mean rather than simply send you a set of accounts.
Annual financial statements
We use your accounting records as the starting point and work through a clear year-end process.
- Reviewing and reconciling key balances.
- Clarifying gaps or missing information.
- Preparing the required year-end adjustments.
Joe also completes an analytical review of the draft reports to assess the business's performance and identify matters or opportunities worth discussing.
Your reports can include, where applicable:
- Profit and loss statement.
- Balance sheet.
- Asset register.
- Notes to the accounts.
- Applicable shareholder and director resolutions.
Understand the result, not just the report
Once the work is complete, you receive your annual financial statements and the relevant tax returns.
Joe also explains your tax position and payment dates, highlights matters requiring attention and discusses the financial results with you.
The aim is for you to understand what has happened in the business rather than simply receive a set of accounts.
- Understand your financial performance.
- Know your tax position and payment dates.
- Identify significant changes or matters requiring attention.
- Ask questions directly with your Chartered Accountant.
- Use the information to support future planning.
Reporting during the year
Some businesses benefit from looking at the numbers more often than once a year.
Depending on the service you've agreed, JOE CA can prepare biannual or quarterly financial reports.
The frequency and depth of the review depend on the accounting package or advisory arrangement you've chosen. More detailed reviews or forecasting projects can be quoted separately — see Business Advisory & Management Reporting.
Reporting is most useful when you understand what the figures mean, so commentary or meetings can also be included to discuss:
- Profitability.
- Cash flow.
- Significant movements.
- Areas requiring attention.
- Actions to consider.
How it works
- 1
Start with your accounting records
We'll use your existing records and a clear checklist to identify what's needed.
- 2
Review and reconcile
Joe reviews the important balances, investigates gaps and requests any additional information required.
- 3
Prepare and review
The financial statements and relevant tax work are prepared, followed by an analytical review of the draft results.
- 4
Understand the outcome
You'll receive the completed reports and an explanation of your results, tax position, payment dates and any matters that warrant attention.
How is this service provided?
Annual accounts can be considered as a standalone engagement or as part of an ongoing accounting relationship.
Annual financial statement preparation is included in applicable accounting packages.
Additional financial reporting, commentary and review meetings are provided according to the level of service agreed.
If you're unsure whether you need standalone annual accounts, ongoing accounting support or more regular reporting, call Joe and talk through your situation.
Why work with JOE CA?
Joe believes financial reporting should produce useful information, not simply satisfy annual compliance requirements.
You'll deal directly with Josef Langreiter, a Chartered Accountant who will explain what the figures mean, highlight matters worth discussing and help you understand the next practical step.
- Deal directly with your Chartered Accountant.
- Financial results explained in everyday language.
- Focused on micro and small businesses.
- Annual reporting considered alongside tax and business performance.
- Clear scope and fees before work begins.
What clients say
“Joe at Joe Ca Ltd was recommended to us by a friend, and we've worked with him for the past few years. Throughout that time, he has been responsive, knowledgeable, and a trusted advisor. As our business has grown, Joe has helped us better understand our financial performance and has put in place reporting systems that have given us greater visibility and confidence in managing the business. We have found his advice and support to be invaluable.”
Frequently Asked Questions
Related: Business Tax Returns & IRD Compliance · Xero Setup & Payroll Systems · Business Advisory & Management Reporting · All services
Want more useful information from your accounts?
Talk to Joe about your annual reporting and whether more regular financial reporting would be useful for your business.