Year-end financial statements that tell your business’s true story — accurate, complete, and investor-ready.
TXAS prepares annual financial statements for companies, trusts, SMEs, and sole traders across Australia. Our accounts give you the clarity you need for tax preparation, bank applications, and strategic business decisions.
Why Accurate Annual Accounts Matter
Business Clarity
Understand your true financial position — revenue, profit, liabilities, and net assets at year end.
Bank & Investor Ready
Professionally prepared accounts are required for loan applications and investor due diligence.
Audit-Quality Accuracy
Every figure is reconciled and supported — ready for ASIC reporting or external audit if required.
What’s Included
A clear summary of income, cost of goods, and expenses for the financial year.
Snapshot of your assets, liabilities, and equity as at 30 June or your year-end date.
Where cash came from and where it went — essential for managing liquidity and planning.
Supporting disclosures, accounting policies, and any significant events for the period.
Our Process
Ready to get started?
Book a free consultation with our Melbourne accounting team — no obligation.
Annual Accounting Services — Frequently Asked Questions
What are annual financial statements?
Annual financial statements include a Profit and Loss Statement, Balance Sheet, Cash Flow Statement, and Notes to Accounts. These documents summarise a business’s financial performance and position for the financial year ending 30 June in Australia.
Why do I need annual financial statements for my business?
Annual financial statements are required for company tax return preparation, bank loan applications, investor due diligence, ASIC reporting, and strategic business planning. They provide a clear and auditable record of your business’s financial health.
What accounting standards does TXAS follow?
TXAS prepares financial statements in compliance with Australian Accounting Standards (AASB) and applicable ATO requirements, ensuring your accounts are accurate, audit-ready, and accepted by banks, investors, and regulatory bodies.
Can TXAS prepare annual accounts and tax return together?
Yes. TXAS delivers annual accounts and prepares your company or trust tax return as part of a seamless end-to-end process, saving time and ensuring all figures are consistent across every lodgement.
Annual Accounting Services FAQs
What are annual accounting services?
Annual accounting services involve preparing year-end financial statements and reviewing financial records to help businesses meet Australian Taxation Office (ATO) and ASIC reporting obligations.
What financial statements are included in annual accounting?
Annual accounting may include Profit and Loss Statements, Balance Sheets, Cash Flow Statements, depreciation adjustments, and supporting financial notes depending on the business structure and reporting requirements.
Why is annual accounting important for businesses?
Accurate annual accounting helps businesses monitor financial performance, support tax return preparation, maintain compliance, improve reporting accuracy, and assist with strategic decision-making.
Can TXAS prepare annual financial statements for companies and trusts?
Yes, TX Accountants and Services (TXAS) prepares annual financial statements for companies, trusts, sole traders, partnerships, and other business entities across Australia.
Does TXAS assist with year-end reconciliations?
Yes, TXAS reviews and reconciles bank statements, bookkeeping records, BAS data, invoices, payroll records, and financial transactions before finalising annual reports.
Can TXAS help prepare businesses for audits?
Yes, TXAS assists businesses with audit preparation by organising supporting documentation, preparing schedules, and coordinating with external auditors where required.
What accounting software does TXAS support?
TXAS works with cloud accounting platforms including Xero, MYOB, QuickBooks, and other financial management systems commonly used by Australian businesses.
Can annual accounting help improve business decision-making?
Financial reporting and year-end analysis may help businesses better understand profitability, cash flow, operational trends, and future planning opportunities based on historical financial data.
Does TXAS provide annual accounting for small businesses and startups?
Yes, TXAS supports startups, SMEs, family businesses, and established companies across various industries with annual accounting and compliance services tailored to their operational needs.
How can I arrange an annual accounting consultation with TXAS?
You can contact TX Accountants and Services (TXAS) to arrange an annual accounting consultation and discuss financial reporting, compliance, and year-end accounting solutions for your business.
