Dear entrepreneur,
At Practical | Excellence in Finance, we have completed the year-end closing of your administration in Yuki for the financial year 2024. Our team has carefully processed the available data, prepared the financial reports, and finalized the administration. However, we would like to emphasize the importance of your own review at this stage.
Your role in reviewing the administration
Although we conduct thorough checks throughout the year and during the finalization, we rely on the information you provide. In some cases, certain data may not have been uploaded, or nuances in the administration may not have been fully accounted for. To prevent adjustments later in the process, we kindly request you to carefully review the administration in Yuki, paying particular attention to:
- Revenue and expenses: Review the profit and loss statement. Do the reported income and expenses match your records?
- Assets and liabilities: Check the balance sheet. Are all assets and liabilities accurately represented?
In the video below we will show you how to look in your administration and check the relevant information there.
Take time for a careful review
We ask you to take the next 14 days to thoroughly review the draft figures. Should you have any questions, comments, or suggestions, please let us know. This is the moment to identify any inaccuracies or missing data. Please see the video below where we outline how to look in your administration and where you can find the financial details.
What can you expect from us?
If necessary, we are here to:
- Provide clarification regarding the figures or specific entries.
- Make adjustments if any data is found to be missing or incorrect.
- Schedule an (online) meeting to discuss the figures through this link. During this session, we can go over the financial reports together and address any questions you may have.
What happens if we do not receive a response?
If we do not receive a response from you within 14 days, we will assume that you approve the draft figures. Based on this, we will:
- Finalize the administration, ensuring no further bookings can be made for the 2024 financial year.
- Prepare the final financial statements and transfer them to our tax team.
- File the corporate income tax or personal income tax return.
As preparing the financial statements and tax return requires careful and time-intensive work, we aim to avoid any corrections afterward. Any adjustments made after finalization may be charged as additional work.
Please note: possible delays in tax processing
Finalizing the 2024 financial year allows us the flexibility to address urgent matters within your business. Once we receive your approval of the draft figures, or after the 14-day deadline, we will transfer the administration to our tax team.
Please be aware that processing the financial statements and the related tax return may take longer, depending on peak workloads during this period. We appreciate your understanding and strive to complete everything as carefully and promptly as possible.
If you have specific deadlines or urgent matters related to the tax aspect of the financial statements, please let us know in advance so we can take this into account where possible.
How can you reach us?
Do you have questions or would you like to schedule a meeting to discuss the figures? Please contact us at +31 (0)88 011 40 00 or schedule an appointment directly via the link in our email signature. Together, we will ensure that your administration is complete and accurate.
We look forward to hearing from you!
Kind regards,
The team at Practical | Excellence in Finance
