Estate Agents + Annual Company Accounts: The Challenge
As an estate agent, 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 Estate Agents with Annual Company Accounts
Convert your client money and office account statements to structured spreadsheets for faster reconciliation and compliance reporting. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Estate Agents Handle Annual Company Accounts
When preparing bank statements for annual company accounts, estate agents need to Estate agents reconcile client money accounts holding tenant deposits and rent, match commission income against completed property sales, and track of. BankScan AI automates the data extraction step.
Key terms you'll encounter: client money account, completion statement, exchange of contracts, CMP scheme.
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 estate agents 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 Estate Agents — Annual Company Accounts
- Built for Estate Agents — Saves 2-3 hours per week on client money account reconciliation and commission tracking across property completions
- Software compatible — Output works directly with Reapit, Alto by Vebra, Xero
- 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: Estate Agents + Annual Company Accounts
When estate agents prepare bank statements for annual company accounts, specific compliance requirements apply.
- Estate agents holding client money must comply with the Estate Agents Act 1979 and Client Money Protection schemes. The Property Ombudsman and NAEA Propertymark require regular client money account reconciliation. Anti-money laundering regulations under the Money Laundering Regulations 2017 mandate due diligence on property transactions.
- 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 Estate Agents
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 — Estate Agents + Annual Company Accounts