Bookkeepers + Annual Company Accounts: The Challenge
As bookkeeper, 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 Bookkeepers with Annual Company Accounts
BankScan AI handles every major UK bank format automatically. Upload the PDF, download the spreadsheet — no manual data entry needed. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Bookkeepers Handle Annual Company Accounts
When preparing bank statements for annual company accounts, bookkeepers need to Bookkeepers collect bank statements from clients weekly or monthly, categorise each transaction against the chart of accounts, reconcile balances, and. BankScan AI automates the data extraction step.
Key terms you'll encounter: chart of accounts, bank feed, transaction categorisation, month-end close.
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 bookkeepers 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 Bookkeepers — Annual Company Accounts
- Built for Bookkeepers — Saves approximately 30 minutes per client per month on data entry, freeing up 8-10 hours per week for a bookkeeper with 20+ clients
- Software compatible — Output works directly with Xero, QuickBooks Online, FreeAgent
- 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: Bookkeepers + Annual Company Accounts
When bookkeepers prepare bank statements for annual company accounts, specific compliance requirements apply.
- Bookkeepers operating under ICB or IAB membership must follow professional standards for data handling and client confidentiality. GDPR applies to all client financial data, and Making Tax Digital requires digital record-keeping for VAT-registered clients.
- 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 Bookkeepers
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 — Bookkeepers + Annual Company Accounts