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Junior Member
Group: Forum Members
Last Login: 12/05/2010 6:35:19 PM
Posts: 1,
Visits: 5
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Do I provide my accountants with the financial reports generated by the year end rolled over?
Or do I provide the accountant with the financial reports without doing a year end rolled over?
The 2 sets of Financial reports are very different.
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MySF Administrator
Group: Administrators
Last Login: 17/05/2010 6:31:15 PM
Posts: 464,
Visits: 632
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Hello,
The main differences between the reports is that profits are only distributed to members at the end of the year as part of the rollover, and items like change in market value in the current year are also booked as part of the process.
In our experience accountants tend to ask for pos-rollover reports, though they may want to see both sets.
Please note that you can also send your accountant the data file and we can provide them with a copy of Advisor Link to open the file, or an evaluation license for the duration of their interaction with you.
Please let us know if you would like any more information.
Thank you,
MySF
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