Year-End Accounting Checklist: How to Prepare Your UK Company for Filing Season
As your financial year closes, preparing early for accounting and tax filings is crucial. A clear year-end process keeps your business compliant, avoids stress, and ensures accuracy in every submission.
1. Reconcile All Accounts
Match bank statements, invoices, and ledgers to ensure everything is recorded correctly.
2. Review Outstanding Invoices
Chase unpaid invoices before year-end to improve your cash position and balance sheet.
3. Record Expenses & Depreciation
Ensure all business expenses are logged, including travel, software, and equipment depreciation.
4. File Annual Accounts and Confirmation Statement
Every UK company must file annual accounts with Companies House and a Confirmation Statement (CS01) to confirm company details.
5. Prepare for Corporation Tax
Calculate profits and apply allowable deductions to determine your final tax liability.
6. Review Payroll & Dividends
Ensure PAYE submissions and dividend payments are processed correctly before closing the books.
Final Thoughts
Year-end is more than a compliance deadline it’s an opportunity to analyse, optimise, and plan for growth. Startitup Global offers complete accounting support, from reconciliations to filings, ensuring your UK business stays on time and on track.
