Prestons are members of The Institute of Chartered Accountants
This service is the main area of recurring work provided by accountants in practice and in this respect, Prestons are no different.
Fundamentally, it is the use of an entity’s accounting information for reporting to parties outside the organisation. This covers third parties including HM Revenue & Customs, Companies House, insurance companies, banks and other lenders. Financial accounting procedures are commonly undertaken annually from the records maintained by the business.
Typically, background work necessary to arrive at the stage of financial statements of an organisation would include: