Solicitors + Annual Company Accounts: The Challenge
As solicitor, 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 Solicitors with Annual Company Accounts
Convert client and third-party bank statements to searchable, sortable Excel spreadsheets for faster case analysis and evidence preparation. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Solicitors Handle Annual Company Accounts
When preparing bank statements for annual company accounts, solicitors need to Solicitors receive bank statements as part of financial disclosure in family, fraud, or commercial litigation. They review statements to trace assets,. BankScan AI automates the data extraction step.
Key terms you'll encounter: financial disclosure, Form E, asset tracing, client account 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 solicitors 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 Solicitors — Annual Company Accounts
- Built for Solicitors — Saves 1-2 hours per case on financial disclosure analysis, with complex matrimonial cases saving up to 4 hours per set of statements
- Software compatible — Output works directly with Clio, LEAP Legal Software, PracticeEvolve
- 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: Solicitors + Annual Company Accounts
When solicitors prepare bank statements for annual company accounts, specific compliance requirements apply.
- SRA Accounts Rules require solicitors to reconcile client account bank statements within 5 weeks of the statement date. Failure to comply can result in regulatory action including fines or intervention. Anti-money laundering checks under the Proceeds of Crime Act 2002 also require scrutiny of client bank 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 Solicitors
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 — Solicitors + Annual Company Accounts