Doctors & GPs + Annual Company Accounts: The Challenge
As doctor, 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 Doctors & GPs with Annual Company Accounts
Automate bank statement conversion for your practice accounts so your accountant can quickly reconcile NHS payments and private income. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Doctors & GPs Handle Annual Company Accounts
When preparing bank statements for annual company accounts, doctors & gps need to GP practices receive Global Sum payments from NHS England, enhanced service payments, QOF achievement payments, and private income. Practice managers . BankScan AI automates the data extraction step.
Key terms you'll encounter: Global Sum, QOF payments, partner drawings, PCSE schedule.
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 doctors & gps 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 Doctors & GPs — Annual Company Accounts
- Built for Doctors & GPs — Saves the practice manager 3-4 hours per month on NHS payment reconciliation and partner drawings tracking
- Software compatible — Output works directly with Sage, Xero, IRIS GP Accounts
- 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: Doctors & GPs + Annual Company Accounts
When doctors & gps prepare bank statements for annual company accounts, specific compliance requirements apply.
- NHS GP contracts require accurate financial reporting to PCNs and ICBs. Partnership agreements dictate profit-sharing arrangements that depend on accurate bank reconciliation. CQC financial governance standards apply, and superannuation contributions must be correctly calculated from practice income.
- 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 Doctors & GPs
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 — Doctors & GPs + Annual Company Accounts