Hand over a client's records. RiQ prepares the full year-end working papers set, the extended trial balance, fixed asset schedule, capital allowances, finance reconciliations, VAT and the tax computation, every figure linked back to its source and ready for your review. Sole trader or limited company, corporation tax and all.
A real client's records in; a balanced, cell-linked working-papers set out — schedules, tax computation and queries, ready for your sign-off.
Four steps, and only the first and last are yours. You hand over what the client already has, RiQ does the preparation, and nothing is released until you have reviewed and signed it off.
Not a summary and not a draft. The full set your firm files behind a return, populated and balanced in the conventions you already use.
The heart of the set. Opening balances, recorded, unrecorded, adjustment and accruals columns, all footing and balancing. Recorded postings link from the working sheets, profit carries through to the balance sheet.
Kept separate from the accounts, feeding only the tax computation. AIA, FYA, main and special pools, balancing allowances and charges on disposal, and the sole trader private-use restriction applied.
The schedule built or rolled forward. Additions, disposals, gains and losses, the year's charge by class posted via the unrecorded columns, net book value linked to the balance sheet.
A dedicated, cell-linked sheet for each hire-purchase, loan, mortgage or completion statement. Capital and interest split each period, liability carried forward and tied to the TB. One sheet per agreement, never merged.
The client's bookkeeping summarised into the rows your trial balance expects, each figure tracing back to source. VAT reconciled and the tax computation completed, depreciation added back, capital allowances deducted, disallowables handled, and corporation tax posted to the adjustment columns for a profitable company.
This is a real limited-company set PrepIQ prepared from a client's records. Swipe through the working papers — every figure cell-linked, every schedule tied out, every query flagged for the accountant.
The whole set, on one sheet.
Opening balances, recorded, adjustments, unrecorded and accruals columns — footed, balanced, with a live check row that has to come to nil.
Built or rolled forward.
Additions, disposals, depreciation and net book value — carried forward from last year's papers where you have them.
A tax schedule, kept separate.
Main and special pools, AIA and FYA at 100% — feeding only the tax computation, never the accounts. Total links straight to the comp.
One sheet per agreement.
Each HP reconciled on its own cell-linked schedule, with the liability split between current and non-current.
Tied to the paperwork.
Loan and completion statements reconciled to the penny, with interest and capital cleanly separated.
Profit, adjusted to tax.
Depreciation and disallowables added back, capital allowances deducted, marginal relief applied — and the effective rate shown.
Every judgement, flagged.
Where the records are incomplete or a treatment needs your call, it says so — and leaves the decision to you. Nothing plugged, nothing assumed.
Reconciled line by line.
Property and finance completions broken out and posted into the accounts, each line traceable back to source.
Prepared by PrepIQ · reviewed and signed off by the accountant
Working papers are evidence. PrepIQ treats them that way. Nothing is a typed-in number you have to take on trust, and nothing is plugged to force a balance.
Every posted figure on the trial balance is a live link to the working sheet it came from. Trace any number to its source in one click.
The recorded columns self-balance by double entry, profit ties through to capital, and the set will not finish with a difference left unexplained.
Where a treatment needs your call or the client's confirmation, it is flagged as a cell note and a query, marked TBC, never silently decided.
Bank, fixed assets and every schedule-backed line carry a Rec mark referencing the sheet that supports them. Sparingly, so the signal means something.
The set is recalculated and checked end to end before it reaches you. No broken references, no stale figures, no surprises in the print.
Every posting, assumption, judgement and client query is recorded in a log alongside the workbook, so your review starts from a clear trail.
Most tools categorise a client's records and produce plausible numbers. PrepIQ interrogates them. It cross-references the cashbook against the client's emails and the loan, HP and completion statements, reasons about what a complete set of records should contain, and refuses to invent a figure to force a balance. Where the evidence falls short, it shows the gap and marks it unresolved rather than plugging it.
“We tried to catch it out. It corrected the client's errors, then it corrected ours.”
Reads the cashbook, the emails and the agreements together, and flags where they disagree.
Recurring items that appear once are treated as a signal the records may be incomplete.
Posts only what is evidenced, shows the gap, and leaves the judgement to you.
A reviewer's instinct, reliably present because it genuinely reasons over the inputs. It flags like a senior; it is not a guarantee that it catches every error, and your review is always the final word.
The right template and the right rules per entity, chosen when you start the job. Not a generic set with the wrong equity treatment bolted on.
For unincorporated clients. Trade, property and savings income kept in their right places for the return, with the equity treatment a sole trader's accounts expect.
For incorporated clients. Directors' loan accounts, dividends and reserves handled, and the corporation tax charge calculated and posted for a profitable company.
There is no special export to produce. Give PrepIQ what the client already has: a ledger from whatever software they use, plus the supporting paperwork, in whatever format it arrives. And give it last year's file, and it continues from there rather than starting blank.
Xero, QuickBooks, Sage, Pandle, or any general ledger as CSV / Excel. Income and expenses mapped to nominals, reclassifications flagged not buried.
For the reconciliations and to evidence the recorded columns. PDFs, scans and CSV all read.
Hire-purchase, loan and mortgage statements, plus completion statements. One cell-linked reconciliation per agreement.
Scanned or photographed sales and purchase invoices, mortgage interest certificates and the rest of the supporting paperwork.
Last year's closing balance sheet becomes this year's opening balances, proven to tie. The schedules carry their brought-forward history.
Work from your prior file and your layout, labels and the way your firm presents a set are preserved year to year.
Continuing clients keep their history; new clients start clean. Request early access.
Client financial records deserve care. PrepIQ is built so the data stays scoped to you and is cleared once the job is done.
Your jobs are yours. Each job is isolated and a user only ever sees and works on their own. Nothing is shared across accounts.
A finished set waits for your approval. It is never auto-finalised, and every judgement is surfaced for you to confirm before sign-off.
When you close a job, the client documents are cleared down. Records are processed for the job in front of you, not kept indefinitely.
One login, one subscription. Reconcile the bank, code the books, analyse the ledger, prepare the year-end set. Fronted by the same RiQ throughout.
Bank statement matching plus invoice-to-payment reconciliation. Universal parser reads PDFs, scans, photos and CSV.
Read more → § CodeIQCodes transactions, classifies VAT, matches invoices, detects transfers, posts to Xero, QuickBooks, Sage or Pandle.
Read more → § LedgerIQ40+ analysis modules from a GL export. Ratios, forecasts, anomaly detection, one-click board-pack PDF.
Read more → § PrepIQThe full set from a client's records: extended trial balance, schedules, finance recs, VAT and the tax computation, every figure cell-linked.
you are hereEverything you need to know about PrepIQ. Anything missing, email [email protected].
PrepIQ is being rolled out to practices in a private beta. Request early access and we will be in touch. It joins ReconcileIQ, CodeIQ and LedgerIQ in The IQ Suite, one login and one subscription across all four.
PrepIQ is strongest when the bookkeeping is already clean. CodeIQ is the intelligent automated bookkeeper that gets it there: coding each transaction, classifying VAT, matching invoices and posting back to the platform, in a few minutes per client.
With the year-end done, LedgerIQ turns the client's general ledger into board-ready analysis. Forty-plus modules, ratios, trends and anomaly flags, with RiQ writing the commentary. The advisory conversation, ready to have.