Corporation Checklist

Please provide the following information for us to complete your year-end financial statement and corporate income tax return:

• A recent backup of your Simply Accounting data file that includes year-end information.
• If you do not use Simply Accounting, please provide a copy of the trial balance, balance sheet, income statement and detailed general ledger for the year.
• Bank reconciliation’s and bank statements for all bank accounts as at year end date.
• A listing of accounts receivable including a list of those accounts considered doubtful or uncollectable at year-end.
• Listing of inventory, valued at cost, held at year-end.
• Copies of all insurance policies paid during the year.
• Copies of all capital assets purchased and repairs and maintenance purchased (>$500) during the year. If you disposed or sold a capital asset during the year please provide detailed information regarding the details of the capital asset sold, proceeds received, etc.
• List of accounts payable at year-end.
• Details of accrued wages, vacation pay and customer deposits at year end.

Supporting documentation for all government remittances made during the year including:

» GST/HST
» Source deductions
» PST
» WSIB

• Copy of most recent T4 Summary for the company.
• Copy of any new lease agreements entered into during the year.
• Copy of property tax assessments for the year.
• Any additional information you think we should need.

If you should have any questions regarding the above list, please contact us at your earliest convenience in order to resolve any concerns you should have. We may need to request additional information not noted above. This will help us to provide you with the timely financial information you require.