Year-End Accounting Services

Complete service for finalization of accounts and accounting closing for fiscal year.

Cleanup and Catchup

Get your client’s books ready with our cleanup and catchup services.

Ontime Return Filling

Our Accounting Closing services help you file the tax return on time.

Efficient Closing

Year-end accounting closing in line with IFRS and GAAP

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Perks of CapActix

Why outsource the fiscal year accounting closing services of CapActix?

Whether you have followed the scrupulous approach of managing accounts and financial books on a regular basis throughout the year or if you are dealing with all the mess altogether, our certified and experienced accounting team can rescue you anytime. We can help you deal with the overpowering pressure of matching records, identifying glitches, and reconciling records for cleanup and accounting closing for each fiscal year with utmost accuracy. Our cleanup and catchup services include checking accuracy of transactions, reconciling the control accounts, careful matching of financial statements, scrutinizing the general ledger, computation of accruals and advanced payments, calculation of amortization and depreciation, AR/AP reconciliation, tax computation, financial statement preparation, and other aspects of closing the year. We cover your business completely with our expert services to make the squeezing year-end process easy for you.

Services We Excel At

Our Expertise

CapActix offers services for year-end accounting closing. When it comes to closing year-end accounting books, it is always chaotic and enormous at the same time. It requires endurance, background knowledge, and professional experience. CapActix provides a variety of professional accounts finalization services because finishing the accounting activity in an unprofessional manner can mislead the organization. It doesn’t matter what kind of software you use or what kind of business your company is in.

Our Year-End finalization of accounts includes:

  • Opening balances confirmation with the last audited financial statement 
  • General Ledger scrutiny 
  • Prepayments and accruals computation 
  • Depreciation and amortization computation 
  • Major account receivables and accounts payable reconciliation 
  • Deferred Tax Computation 
  • Tax Expenses and Tax Liability account reconciliation and required paperwork 
  • Basic ratio analysis based on industry-standard ratios 
  • Preparation of assisting schedules and workings sheets to financial statements 
  • Preparation of financial statements such as Trial Balance, Income Statement, Balance Sheet, Cash Flow Statement 
  • Advice on improving bookkeeping by the organization 

Our Year-End finalization of accounts includes:

  • Opening balances confirmation with the last audited financial statement 
  • General Ledger scrutiny 
  • Prepayments and accruals computation 
  • Depreciation and amortization computation 
  • Major account receivables and accounts payable reconciliation 
  • Deferred Tax Computation 
  • Tax Expenses and Tax Liability account reconciliation and required paperwork 
  • Basic ratio analysis based on industry-standard ratios 
  • Preparation of assisting schedules and workings sheets to financial statements 
  • Preparation of financial statements such as Trial Balance, Income Statement, Balance Sheet, Cash Flow Statement 
  • Advice on improving bookkeeping by the organization 

Hire At Your Convenience

Hire Dedicated Accounting Experts

Closing accounting books can be overwhelming and might lead to inaccurate results. To avoid that you can hire dedicated accountants who will take over your entire cleanup & catchup tasks and will give you time to focus on more crucial tasks that require your undivided attention.
Hire Offshore Accountant

Result-oriented Solution

Identify the financial health of your business with reliable cleanup and catchup services:

Accurate account finalization and closing accounting books are necessary not only to comply with major compliances but also to identify the financial health of your business to make the right financial decision.
Accurate closing of accounting to submit for compliance to the government body or third-party auditors.
Our team will work with your accounting software and tools to provide you with assistance and services within your environment.
Assist you in collecting documents from your clients, vendors, and other entities to simplify the process of closing accounting books.
Help you identify the financial health of your business to define a more realistic budget allocation for the next fiscal year.
Empower you with expert recommendations to improve the bookkeeping and accounting process to reduce year-end load based on the finalization of accounts.

Pass on your year-end accounting closing tasks to us and and file tax return within timeline.

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How We Help You Stand Out

Key Differentiators

01

Umbrella Services

On-demand and complete year end services covering general ledger scrutiny to deferred tax computation, financial statement preparation, and more.

02

Accurate Closing

Year-end closing process includes collecting and matching data to reconcile records with precise information and finish
accounting books.

03

High Quality Services

World class services and assistance for accounting closing at
the end of the fiscal year by certified and experienced accounting team.

04

Reliable Report Generation

A methodical process followed by experts will display
adjustments and other details in an accurate report to aid auditor review.

We Create Your Ways Digitally

Software We Use

quick books
sage
Xero
NetSuite-1024x576
Freshbooks-1024x251

Our Success Stories

How do our year-end closing services empower our clients and reduce their stress, hear it from some of them.

The most systematic approach even for enormous data and records is followed by this firm. They have a well-defined process to deal with all anomalies in financial data and simplify them for us to make the decisions and corrective steps while closing financial books. They have been assisting us every year and they are indeed a huge help.

Cory Humphreys Finance Head

We are impressed with their expertise in closing year end accounts and preparing our financial statements, which include balance sheets, income statements, cash flow statements, trial balances, credit card statements, and anything, you name it. Their services really help us make the whole year-end process so stress-free.

Nichole Anderson Head of Accounts

CapActix has been assisting us for almost 5 years or more in the fiscal year closing process. The company facilitates us in all aspects of the year's closing and it really helps us handle this pressure quite easily. We highly recommend its services for any accounting job based on our personal experience

Trevor Patt CEO

Our Focused Industries

Industries We Serve

E-Commerce

Small Business Accounting
Shipping & Logistics

Franchise

Hotels & Restaurant

Agriculture

Healthcare

Manufacturing

Real Estate

E-Commerce

Small Business Accounting
Shipping & Logistics

Franchise

Hotels & Restaurant

Agriculture

Healthcare

Manufacturing

Real Estate

Frequently Asked Questions

Year-end services FAQ

Unlock Insights and Find Solutions in our FAQ Page for Hassle-Free Knowledge! We have designed the questionnaire to address all your concerns.
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We need to assess the volume of work, scope of work, number of transactions pending for posting, reconciliation required, adjustments required to close the books etc. and based on that either we can propose you fixed price cost for project, or you can hire staff for required number of hours to complete the job.
Yes, you can also hire accountant for fulltime, parttime or fixed number of hours as per your requirement if you can’t estimate number of hours upfront. We are flexible to work with the model convenient for you.

Generally, it depends and varies from one business to another. However, we need following documents as per our common checklist   

  • Revenue Transactions 
  • Bank Accounts information & statement 
  • Previous years financial statements and tax return copy
  • Inventory details 
  • Intercompany Transaction 
  • General Ledger  
  • Any other information for year-end accounting 
Our procedure for providing year-end accounting services is includes establishing a closure timetable, assemble unpaid invoices and receipts, examine asset accounts. tally up all transactions, close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants etc.
The length of time to complete your year-end accounting services will vary depending on the complexity of your business and your specific needs.
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