Checklist for Corporation Fiscal Year Ends (Y/E)
Please include the following with your year end, as applicable
Bank Statements for the fiscal year
PDF copies are welcomed
If bank accounts are reconciled monthly, please supply all of last year's recs and give yourself a gold star!
Credit Card Statements for the fiscal year
PDF copies are welcomed
If bank accounts are reconciled monthly, please supply all of last year's recs and give yourself a gold star!
Sales Receipts or Invoices
If practical, depends on volume, how are they stored
Purchase Receipts or Invoices
If practical, depends on volume, how are they stored
Purchase Receipts for all capital additions
I'll scan these and include them in the workpapers in the fiscal year they were purchased
Receipts for all Out of Pocket or Business Purchases paid for personally
T4 Summary, slips and calculation details for the last calendar year
Annual statements from lenders
Often show payments made, interest charged, end of period balances. May include amortization schedule.
Value of inventory at fiscal Y/E
And memo how determined (counted, estimated, method used)
Accounts Receivable listing at fiscal Y/E
And notations made of any specific doubtful accounts
Accounts Payable listing at fiscal Y/E
And notations made of any credits or bills that will not be paid.
Bank & Credit Card stmts after Y/E
To determine when outstanding items at year end subsequent clear.
Home Office expenses
Schedule of home office expenses to be claimed (if applicable).
Vehicle Log
Schedule of personal use of company owned automobile (if applicable).
CRA Correspondence
All statements and/or CRA correspondence received in the year
Client Specific Items
Fact specific