Production Accounting Services for UK Accountancy Practices
We provide structured, second-level reviewed production capacity across core compliance workflows. You retain client ownership, communication, and statutory sign-off; we absorb the heavy mechanical preparation.
White-Label Bookkeeping Support
Eliminate transaction backlogs and keep client ledgers reconciled to the penny without pulling your senior accountants into routine data entry.
What Ferret Delivers:
- Daily/weekly/monthly transaction posting & coding
- Bank, credit card & merchant payment gateways (Stripe/PayPal)
- Sales ledger review & receipt allocation
- Purchase ledger maintenance & supplier statement recs
- Wages, PAYE & pension control account reconciliations
- Directors' Loan Account (DLA) postings & monitoring
- Suspense account clearance & anomaly detection
- Consolidated client query sheet compilation
Inputs Required:
- • Access to cloud software (Xero / QBO / Dext)
- • Chart of accounts & nominal coding conventions
- • Electronic bank feeds / PDF statements
- • Prior period working papers / notes
Outputs Delivered:
- • 100% reconciled bank & credit cards
- • Clean aged debtor and creditor ledgers
- • Reconciled control accounts
- • Reconciled working paper pack & query sheet
Service Parameters
UK VAT Return Preparation Support
Relieve quarterly VAT deadline pressure. We audit transactions, reconcile control accounts, and draft returns ready for partner review.
What Ferret Delivers:
- VAT coding review (Standard 20%, Reduced 5%, Zero, Exempt, Outside scope)
- Input tax eligibility & valid VAT invoice checks
- Domestic Reverse Charge (DRC) for construction/CIS
- Postponed VAT Accounting (PVA) on imports
- VAT control account reconciliation to Box 1–9 figures
- Blocked input tax review (business entertainment, cars)
- Draft MTD return preparation inside software
- Exception audit trail & supporting lead schedule
Service Parameters
Year-End Accounts Working Paper Preparation
Transform raw trial balances into substantiated, cross-referenced, partner-ready working paper packs.
What Ferret Delivers:
- Trial balance review & balance sheet substantiation
- Fixed asset register rec, additions, disposals & depreciation
- Accruals, prepayments & deferred income schedules
- Directors' Loan Account rec with s455 tax review notes
- Wages, PAYE & pension control reconciliations (P60/P32)
- Stock / WIP adjustment postings
- Extended Trial Balance (ETB) with adjusting year-end journals
- Consolidated technical query sheet for partner review
Service Parameters
Accounts Production Support (TaxCalc & IRIS)
Fast-track statutory accounts compilation. We map the trial balance, post year-end journals, and draft statutory disclosure notes directly inside your production software.
Production Capabilities:
- Trial balance mapping in TaxCalc Accounts Production
- Chart of accounts posting in IRIS Accounts Production
- Drafting statutory accounts under FRS 102 1A & FRS 105
- Drafting notes (remuneration, employee counts, related parties)
- Equity & retained earnings movements reconciliation
- Resolving code diagnostic warnings in software
- Exporting clean draft PDF accounts and cross-referenced index
- Partner review pack compilation
Service Parameters
Phase-2 Auxiliary Support Services
For established partner firms, Ferret provides secondary production workflows on request.
Management Accounts
Monthly P&L, balance sheet schedules, aged debtor/creditor analysis, and variance commentary drafting.
Payroll Administration
Gross-to-net calculations, payslip distribution, and pension summary preparation for partner review.
Tax Computation Support
Draft corporation tax (CT600) and self-assessment tax computation schedules prepared for UK tax adviser review.