Attorneys + Annual Company Accounts: The Challenge
As an attorney, preparing bank statements for annual company accounts is a common but time-consuming task. Preparing annual accounts for Companies House requires reconciling a full year of bank transactions. Many small companies still rely on PDF statements from their bank.
How BankScan AI Helps Attorneys with Annual Company Accounts
Convert client and opposing party bank statements to searchable Excel spreadsheets for faster discovery review, asset tracing, and litigation support. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Attorneys Handle Annual Company Accounts
When preparing bank statements for annual company accounts, attorneys need to Attorneys receive bank statements during discovery in litigation, review them for asset tracing in divorce and bankruptcy cases, analyze financial evi. BankScan AI automates the data extraction step.
Key terms you'll encounter: IOLTA trust account, discovery production, asset tracing, three-way reconciliation.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Full financial year (12 months), aligned to the company's accounting reference date of statements for annual company accounts.
AI extracts what you need
Our AI extracts Opening and closing bank balances, total income received, ca — formatted for attorneys workflows.
Complete your annual company accounts work
Download Excel files ready for annual company accounts. Full year reconciled to the nominal ledger, with month-end balances matching bank reconciliation statements, ready for trial balance extraction
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Attorneys — Annual Company Accounts
- Built for Attorneys — Saves 2-4 hours per case on financial discovery analysis, with complex asset tracing cases saving a full day or more of manual statement review
- Software compatible — Output works directly with Clio, MyCase, QuickBooks for Lawyers
- Built for Annual Company Accounts — Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
- Key data extracted — Opening and closing bank balances, total income received, categorised expenditure, inter-company transfers, director loan account movements, dividend payments
Compliance: Attorneys + Annual Company Accounts
When attorneys prepare bank statements for annual company accounts, specific compliance requirements apply.
- State bar rules require attorneys to maintain IOLTA (Interest on Lawyers' Trust Accounts) with strict trust accounting requirements. ABA Model Rules of Professional Conduct govern client fund handling. Failure to properly reconcile trust accounts is one of the leading causes of attorney discipline. Three-way reconciliation of trust accounts is typically required monthly.
- Legal basis: Companies Act 2006 sections 394-397 (duty to prepare accounts) and sections 441-453 (filing requirements and penalties)
Annual Company Accounts — Built for Attorneys
Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Try Free — Attorneys + Annual Company Accounts