Although not ideal, many clients come to us as a year-end-only engagement, and then, once their business has grown up a bit, can progress to become regularly serviced clients.

In “Write-up Techniques,” we will delve into 4 different techniques that can be used to create a balance sheet and income statement for those clients who only show up at the end of the year. We will look at how these techniques work on a practical level, and how to adapt them to adhere to accrual-based accounting which almost all businesses must follow.

This session will be a working session, so attendees need to download the resources and bring a fully charged laptop to get the most out of the session.

After participating in this session, attendees will be able to:

• Use the 4 different techniques to “write-up” an income statement and balance sheet for a year-end-only client. These techniques are: The bank/credit card statement write-up (cash-basis); the leadsheet; the journal entry method; and the box method.