Year-end preparation · For accountants and practices

PrepIQ

Hand over the records. Get back the papers.

PrepIQ turns a client’s records into a complete, balanced, cell-linked year-end set, with every judgement flagged for your call.

Open PrepIQ ▶ Watch the demo Live on practice plans · Sole trader & limited company

Schedules in a finished set

0.00

Check row difference

100^%

Cell-linked schedules

Entity types covered

§ Watch

A year-end set, taking shape.

§ PrepIQ The film · the whole year-end, in seven minutes

Unedited

Prefer the real thing?

The actual product, preparing an actual set.

or open on YouTube →

§ 01 · How it works

Four steps. Two are yours.

Hand over, RiQ prepares, you review, you sign off.

Step 00

Hand over

Ledger, paperwork, last year's file.

You · two minutes

Step 01

RiQ prepares

Reconciles, builds the schedules, posts the TB. No plugs.

RiQ · unattended

Step 02

You review

Every judgement flagged. Ask for changes; it reworks the set.

You · ask RiQ

Step 03

Sign off

Approve and download — in your firm's template.

You · final word

§ 02 · What it builds

The complete set.

Working-papers automation and accounts production in one pass — not a draft, but the set your firm files behind a return.

A finished PrepIQ set contains eight schedules; every posted figure is a live cell link back to its working sheet, and the set ties out to a 0.00 check row with no plugged figures.

Schedule · 01

Extended trial balance

Opening, recorded, unrecorded and adjustment columns — footing, self-balancing.

ColumnsRecorded · unrecorded · adj

FootingSelf-balancing

Check row0.00

Schedule · 02 · Tax

Capital allowances

AIA, FYA, pools, private-use restriction — tax-side only.

AIA

Schedule · 03

Fixed assets & depreciation

Built or rolled forward, NBV linked to the balance sheet.

Schedule · 04

Finance reconciliations

One cell-linked sheet per agreement, tied to the TB.

Schedule · 05

VAT & the tax computation

VAT reconciled; add-backs, allowances, corporation tax posted.

§ A real set · names redacted

Not a mock-up. An actual year-end set.

A real limited-company set, prepared by PrepIQ. Swipe through.

PrepIQ extended trial balance for a limited company — 01 · Extended trial balance
The whole set, on one sheet.
Footed, balanced, check row nil.

PrepIQ fixed asset schedule — 02 · Fixed assets
Built or rolled forward.
Additions, disposals, depreciation.

PrepIQ capital allowances schedule — 03 · Capital allowances
Kept tax-side.
Pools, AIA, FYA — feeding only the comp.

PrepIQ hire-purchase reconciliation — 04 · Hire purchase
One sheet per agreement.
Liability split current and non-current.

PrepIQ loan and finance reconciliation — 05 · Loans & finance
Tied to the paperwork.
To the penny, interest and capital split.

PrepIQ corporation tax computation — 06 · Tax computation
Profit to tax.
Add-backs, allowances, marginal relief.

PrepIQ notes and queries for accountant review — 07 · Notes & queries
Every judgement, flagged.
Where records fall short, it says so.

PrepIQ completion statement reconciliation — 08 · Completion statement
Reconciled line by line.
Broken out, posted, traceable to source.

Prepared by PrepIQ · reviewed and signed off by the accountant

§ 03 · Built for review

It flags like
your best senior.

Cross-checks the sources

Cashbook, agreements, correspondence — read together, clashes flagged.

Catches incompleteness

A recurring item appearing once means the records are short. It says so.

Refuses to fabricate

Posts only what is evidenced. Gaps shown, never plugged.

Drafts the client queries

Open questions become a ready-to-send client email.

It flags like a senior — not a guarantee it catches every error. Your review is the final word.

RiQ Review notes · hartley-joinery-ye25 3 flags

Flagged

HP agreement missing the final payment schedule. Drafted a client query for the closing figure.

Records gap

Fuel recurs monthly; October is missing. Marked TBC — nothing posted.

Your call

£6,000 to the director — dividend or DLA? Left unposted; both treatments noted.

client-email.txt — query email drafted, awaiting your edit

In beta testing we fed it deliberately broken records. It flagged the client's errors — and the ones we planted.

§ From PrepIQ's own test programme

§ 04 · Entities

Sole trader, or limited company.

The right template and rules per entity.

For · sole traders

Self-assessment, right.

Trade, property and savings split
Capital and drawings handled
Private-use restrictions applied
Equity rolled into capital

For · limited companies

Corporation tax, posted.

Corporation tax computed and posted
Directors' loan accounts, never merged
Dividends against reserves, queries raised
Reserves carried forward cleanly

§ 05 · Inputs

Any records.
Any platform.

No special export to produce — give it what the client already has.

GL exports

Xero, QuickBooks, Sage, Pandle, any CSV / Excel.

Bank statements

PDFs, scans and CSV.

Finance agreements

HP, loan, completion — one rec each.

Receipts & invoices

Scanned or photographed.

Prior-year papers

Closing becomes opening, proven to tie.

Your template

Your layout, preserved year to year.

Reads ledgers from XeroQuickBooksSagePandleFreeAgentany GL · CSV / Excel

Open PrepIQ and run a year-end.

§ 06 · Privacy

Private by default, yours to release.

Scoped to you. Cleared when the job is done.

Scoped

Scoped to you

Jobs isolated. Nothing shared across accounts.

Reviewed

Review before release

A finished set waits for your approval.

Removed

Removed when finished

Close the job; the documents are cleared down.

§ 07 · Native in IQ Books

PrepIQ has three siblings. They're all native in IQ Books.

Each tool takes over at a different point. Start where your books are.

§ ReconcileIQ

Year-end working papers.

The full set, every figure cell-linked.

you are here

§ 08 · Common questions

Frequently asked.

Anything else, email jack@bankreconciler.app.

What does PrepIQ actually produce?

A complete set in your firm's template — extended trial balance, fixed assets, capital allowances, finance recs, VAT, tax computation — every figure a live cell link.

Sole traders and limited companies?

Yes — self-assessment splits for sole traders; DLAs, dividends, reserves and corporation tax for companies.

Does it roll last year forward?

Yes. Last year's closing balances become this year's openings, proven to tie. No prior file, the client starts at nil.

Do I still review the work?

Always. Every judgement is flagged and nothing releases until you approve it. Send follow-ups and it revises the same set.

What records does it need?

A ledger export from any platform, plus the paperwork — bank statements, agreements, receipts. No special format.

How do I get access?

PrepIQ is live on the IQ Suite practice plans (Practice Essential and above). Open PrepIQ, upload a client's records and run a year-end; each job draws 5,000 credits (RiQ default) or 10,000 (RiQ maximum) from your allocation. One IQ Suite subscription covers all five products.

What is PrepIQ?

Year-end working papers and accounts production software for UK accountants. Give it a client's ledger and paperwork and RiQ prepares the full set — extended trial balance, fixed assets, capital allowances, finance recs, VAT and the tax computation — every figure cell-linked and tied out, ready for your review.

How is PrepIQ different from accounts production software like Iris, TaxCalc or Capium?

Traditional accounts production software gives you templates to fill in. PrepIQ prepares the working papers themselves from raw records, then hands the finished set to you to review. It works from any platform's records.

§ 09 · Get started

Live now
on the practice plans.

Practice Essential and above. One subscription, the whole IQ Suite.

Open PrepIQ Practice plans · UK practices

What you get

The full set, your template
Sole trader and limited company
Every figure cell-linked, tied out
Released only on your sign-off

See the full feature tour →

Give RiQ the records.
Get back the papers.

Open PrepIQ See the feature tour Live · data cleared when the job is done

The platform behind PrepIQ

Year-end is easier when the books keep themselves.

PrepIQ builds year-end working papers from a client's ledger. Inside IQ Books that ledger is already coded, reconciled and current all year — so year-end starts from clean books, not a scramble.

Keep clients in IQ Books and PrepIQ works from a ledger that was ready the whole time — bring the back-history over in one connection.

Meet IQ Books See it vs Xero & QuickBooks

Hand over the records. Get back the papers.