Financial statements
Year-end accounts for sole proprietors, AOPs and companies, ready for the tax return or the auditor.
Overview
Year-end financial statements for sole proprietors, AOPs and companies, ready for your tax return, bank or auditor.
Why it matters
Financial statements prepared under IFRS or IFRS for SMEs are needed for audits, SECP filings, bank loans and tenders. Clear statements also show owners how the business is really performing.
Who needs this
- Businesses filing returns
- Companies preparing for audit
- Borrowers needing statements for banks
How it works
Who does each step, and how long it usually takes once documents are complete.
- 1Trial balanceTAXWORK
Books closed and trial balance prepared.
3–5 days - 2AdjustmentsTAXWORK
Depreciation, accruals and stock recorded.
2–3 days - 3StatementsTAXWORK
Balance sheet, profit and loss, cash flow and notes.
2–3 days - 4ReviewYou
Draft reviewed and finalised.
1–2 days
Documents we need
Tick what you already have, then send the list to us.
What you receive
- Financial statements with notes
- Fixed asset schedule
Deadlines, risks and penalties
- Statements that don't match tax returns invite questions
Mistakes we fix, and what our fee covers
Common mistakes we fix
- Books kept only at year end, so tax and payroll figures are guessed
- Salary tax not deducted or deposited monthly
- Bank, cash and payable balances that never reconcile
- Financial statements that do not match the tax return
Included in our fee
- Monthly bookkeeping in the software you prefer
- Bank and ledger reconciliations
- Payroll, salary slips and withholding statements
- Monthly management summary and year-end statements
Law and references
The sections and rules this service is based on.
- IFRS for SMEs or applicable framework
- Companies Act 2017
Questions
How long does it take?
About 1–2 weeks. Step by step: Trial balance (3–5 days), Adjustments (2–3 days), Statements (2–3 days), Review (1–2 days).
What does it cost?
We give a fixed quote after reviewing your case. Government fees are extra where they apply.
What happens if I miss a deadline?
Statements that don't match tax returns invite questions.
Are these audited?
No. Companies that need an audit have these audited separately.
Which framework applies to us?
It depends on the company's size and type. We confirm the framework before preparation.
Can you prepare notes and disclosures?
Yes. Full statements with notes are prepared, ready for audit.
Why clients choose TAXWORK
Individuals, businesses and companies across Pakistan and overseas.
Rawalpindi/Islamabad, Sialkot and Karachi (with Raza Siddiqui & Co., Chartered Accountants).
You get the scope and a fixed fee in writing before any work starts.
Progress updates, and a copy of everything we file or submit for you.
Keep reading
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See all 63 services →Monthly bookkeeping in your preferred software, with bank reconciliations and a clear monthly report.
View service →Accounts & payrollMonthly compliance retainerOne fixed monthly fee covering bookkeeping, sales tax, withholding and reminders for your business.
View service →Accounts & payrollPayroll & salary taxSalary sheets, tax deduction on salaries, payslips and EOBI/social security filings for your staff.
View service →Audit & assuranceSpecial reviews & due diligenceStock counts, agreed-upon procedures for banks and partners, due diligence and tender certificates.
View service →Ready to get financial statements done?
Send your documents on WhatsApp or book a meeting. A consultant confirms the scope and a fixed fee before any work starts.