Ashok Parekh & Co Pty Ltd

CHARTERED ACCOUNTANT



BUSINESS CLIENT INFORMATION CHECKLIST

Client Name:

Date:

Please take the time to complete this checklist as it is a very important part of the accounting process. It helps you:

  • Identify and provide the information we need to prepare your financial statements
  • Minimise the queries from us during the preparation of your financial statements
  • Ensure we can complete your financial statements within a timely manner

UPDATE OF ADDRESS DETAILS

To ensure that our records are up to date, please provide us with any update of the following details:

Business address:
Postal address:
Email:
Home phone:
Mobile phone:
Fax:

INFORMATION CHECKLIST

First time financial statements and tax returns

If we are preparing your accounts for the first time, please provide copies of your last financial statements,tax returns and ATO notices of assessment.

Yes

N/A

Accounting records

Please provide a copy of your computer data file.


Name of program: (i.e. MYOB or Quickbooks)


Version number:


Password (if applicable):

Yes

N/A

Manual accounts

Please provide the following information:


  • Reconciled cashbook (if applicable)
  • Cheque payment details
  • Deposit details

Yes

N/A

Balance sheet items

Please provide the following information:


  • Bank statements showing 30 June balance
  • Bank reconciliations (if applicable)

Yes

N/A

Accounts receivable

Please supply a list of trade debtors as at 30 June

Please provide a list of bad debts written off or to be written off

Yes

N/A

Investments/Property

Please provide details of investments/property purchased during the year, including:


  • Date of purchase
  • Cost of acquisition
  • Copy of contract for purchase
  • Copy of settlement statement

Yes

N/A

Please provide details of investments/property sold or disposed during the year, including:


  • Date of disposal
  • Consideration received
  • Copy of contract for sale
  • Copy of settlement statement

Stock/Inventory/Work in progress

Please advise the value of stock on hand/work in progress as at 30 June.


Please circle the valuation method you have used:

  • Cost
  • Market
  • Replacement

Yes

N/A

Alternatively, please confirm the value of stock at 30 June does not exceed the value at 30 June the previous year by more than $5,000.00.

Prepayments

Have you paid any expense in advance that span two financial years? For example:


  • Subscriptions
  • Insurance
  • Internet/phone access
  • Legal fees

Yes

N/A

Plant and equipment

Please provide details of assets PURCHASED during the year, including copy of invoice and estimated useful life.

Please provide details of assets SOLD or DISPOSED during the year, including date and consideration received.

Please review your depreciation schedule from the previous year. Have any of these assets been scrapped,taken for personal use or traded in?

Yes

N/A

Accounts payable

Please supply a list of trade creditors as at 30 June.

Please provide a copy of credit card statements up to and including 30 June.

Yes

N/A

Leases/hire purchase/chattel mortgage

Please provide a copy of lease/hire purchase/chattel mortgage agreements for any new agreements entered into during the year.

Please provide details for any agreements paid out during the year.

Please provide details for any agreements refinanced during the year.

Yes

N/A

Bank loans

Please provide copies of loan statements up to and including 30 June.

If a new loan was entered into during the year please provide copy of the loan/facility agreement.

Yes

N/A

Profit and loss items

It is important to review your income and expense transactions to ensure they include adequate narrations to inform us of the nature of the transaction.

Yes

N/A

Investment income

Please provide details of all investment and rental property income received during the year, including:


  • Dividend statements
  • Interest statements
  • Trust distribution year end tax statements
  • Rental property agent statements

Yes

N/A

PAYG withholding/superannuation and wages

Please provide copies of PAYG payment summaries issued during the year and the year-end PAYG summary statement.

Yes

N/A

Other information - please list below

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