Year-end accounts software your practice can run from the monthly closes already on file.
Let AI Agent run your year-end close
Roll closes forward
"Roll the twelve monthly closes forward into this client's year-end pack in Xero. Pull each close pack from the practice's working paper folder, validate that the trial balance ties across periods and reuse the recurring accruals, prepayments and reconciliation working papers already on file. Refresh estimates and provisions to year end using the practice's standard models. If a working paper is incomplete or a period closed with an exception still open, ask me whether to chase the team or escalate to the senior. Pause before locking the year-end trial balance. Ask me where the practice stores the year-end pack template. Save a note for the practice manager listing months rolled, exceptions outstanding and items awaiting senior review."
Refresh asset register
"Refresh the fixed asset register for this client at year end in QuickBooks. Validate every addition against the supplier invoice and the capex approval, validate every disposal against the disposal evidence and the sale proceeds posted to the ledger, and run the depreciation reconciliation to the year-end charge in the P&L. Identify any asset reaching the end of its useful life and any asset that may be impaired per FRS 102 indicators. If an asset's classification has changed during the year, ask me before applying. Pause before changing a useful life. Save the refreshed register and the supporting evidence to Google Drive."
Run impairment review
"Run the impairment review for this client at year end in Sage 50 where FRS 102 indicators exist. For each cash-generating unit or asset showing impairment indicators (sustained loss, lost contract, technology obsolescence, market value below carrying value), compute the recoverable amount using the practice's standard model and compare to the carrying amount. Where an impairment is needed, prepare the impairment journal with the supporting working paper. If the recoverable amount assumptions need a client input the senior has not seen before, ask me before locking the model. Pause before posting any impairment. Save a note for the practice manager listing indicators reviewed, impairments computed and items awaiting senior decision before posting."
Handover year-end pack
"Assemble the year-end handover pack for this client in FreeAgent. Compile the year-end trial balance, the rolled-forward working papers, the refreshed asset register, the impairment review, the going concern review, the post-balance-sheet events log and the practice's review checklist. Tie every working paper to the underlying ledger entry and reference the prior year's pack for continuity. The pack is the input to statutory accounts production and to CT600 preparation. If a working paper is incomplete, ask me whether to send a partial pack with a covering note or to wait. Pause before sharing with the senior. Save the year-end pack to Google Drive ready for the senior review meeting and the partner sign-off."
Up to 80% lower cost to serve per year-end
Stat workpapers, year-end journals, tax-pack hand-off and audit-ready file build stop landing on senior time per client. The AI Agents repeat the year-end motion across the book, which is where the up to 80% lower cost to serve per year-end comes from, with the partner reviewing judgement and sign-off.
Year-end that builds on the monthly close, not from scratch
Year-end is mostly continuity: the same accruals, the same prepayments, the same asset register, the same estimates. Minded carries those forward and refreshes them, with only the year-end-only reviews (impairment, going concern) added on top. Tie this to month-end close with AI so the twelve monthly closes set up the year-end build.
One year-end flow across Xero, QuickBooks, Sage 50 and FreeAgent
A real practice runs year-end for clients on Xero, QuickBooks, Sage 50 and FreeAgent at the same time. The same roll-forward, asset refresh, impairment and handover motion runs in every ledger. See statutory reporting with AI and audit preparation with AI for the downstream year-end work.
How does the year-end close build on the monthly closes?
The agent rolls the twelve monthly closes forward into the year-end pack, reuses the working papers already on file, refreshes accruals and prepayments to year end and adds the year-end-only items (impairment review, going concern, asset revaluation). The year-end starts from the prior closes.
How does the agent handle accruals, prepayments and FRS 102 estimates?
Year-end accruals and prepayments are computed from open commitments and the recurring service contracts already on file. FRS 102 estimates (provisions, expected credit losses, fair value measurements) are refreshed using the practice's standard model. Each estimate carries the supporting working paper for senior review.
What about the fixed asset register and impairment review?
The agent refreshes the asset register at year end: validates additions and disposals, runs the depreciation reconciliation, checks for indicators of impairment per FRS 102 and prepares the impairment review where indicators exist. Where an impairment is recognised, the agent pauses for senior review before posting.
How is the going concern review supported?
The going concern review pulls the cash flow forecast, the credit facility position, post-year-end events and any covenant tests due in the next twelve months. The agent drafts the going concern narrative for the directors report and the audit file, and pauses for senior sign-off.
Does the year-end pack feed statutory accounts and CT600?
Yes. The year-end pack flows into the statutory accounts (FRS 102 or FRS 105 per client size) and the CT600 corporation tax return. Working papers are kept consistent so the same trial balance, working paper and assumption log support every downstream output the practice prepares.