Your team should review the accounts, not spend hours preparing them.
Terra Global Partners provides accounts preparation outsourcing support to accounting practices across the UK. Our accountants work within the processes and software your practice already uses, preparing client accounts and supporting schedules so your team can spend more time on review, tax planning and conversations that actually need their involvement.
Practical Outsourcing
Accounts preparation support that works around your practice
More clients generally means more sets of accounts to prepare. Additional preparation capacity lets your practice grow without putting every new client onto the workload of your existing accountants.
Accounts preparation rarely happens in isolation. Tax deadlines, client queries and year-end work can all arrive at once. Extra capacity gives your team room to manage those periods without letting preparation work pile up.
Experienced accountants bring value through judgement, review and advice. When too much of their day is spent assembling working papers and preparing routine accounts, your practice is not making the best use of that experience.
Who we work with
You are winning clients and expanding your services, but adding permanent staff every time your accounts workload increases may not be the right answer.
You already have an experienced team and established procedures. What you need is dependable support that fits into that structure.
The accounts preparation challenges we help with
Too many files, not enough hours
A practice can have a healthy client pipeline and still struggle to keep up with production. As the number of accounts increases, the preparation stage can become the point where everything starts waiting.
Work that needs to be redone
A set of accounts is only as useful as the information supporting it. Missing schedules, unexplained movements or unreconciled balances create extra review work and slow everything down.
Deadlines don't move
There is little flexibility when filing and client deadlines are approaching. Having additional preparation capacity available can help prevent one busy month from becoming a backlog that lasts for several more.
High-value people doing low-value tasks
Senior accountants often end up preparing files simply because there is nobody else available to do it. That may get the immediate job done, but it takes time away from review, planning and client work.
The Terra global approach
Good accounts preparation is more than transferring figures into a set of financial statements. The underlying records, supporting schedules and adjustments all need to make sense together.
Start with the source information
01Before preparation begins, our team works from the information provided by your practice, including the trial balance, previous accounts, bookkeeping records and supporting schedules. We identify missing information early rather than allowing it to become a problem at the end.
Building the accounts
02We prepare the agreed accounts, post required year-end journals and reclassifications, and build the supporting working papers needed for review.
Checking what has been prepared
03Completed work passes through defined review stages before it is returned to your team. The checks cover the areas where errors and omissions are most likely to create extra work later.
Ready for your professional review
04The completed file is organised so your accountant can review the numbers, supporting schedules and disclosures without having to reconstruct how the work was put together.
Accounts preparation work we can handle
The exact work depends on the client and engagement, but our team can support a broad range of preparation requirements for UK practices.
We can prepare statutory accounts for limited companies under FRS 102, FRS 102 (Section 1A) and FRS 105, alongside accounts for sole traders, partnerships and LLPs.
Preparation can include bank reconciliations, trade debtor and creditor schedules, fixed asset registers, accruals, prepayments and other supporting documentation required for review.
We can post agreed period-end adjustments, reclassifications and other necessary journal entries and ensure the resulting balances flow through correctly to the accounts.
For UK engagements, our team can support corporation tax computations, including capital allowances and analysis of allowable and disallowable expenditure, based on the scope agreed with your practice.
Our team can also support consolidated accounts, inter-company eliminations, charity accounts prepared in line with relevant SORP requirements and other specialist UK accounting requirements.
Accounts preparation partnership process
We review the client information, engagement requirements, accounting framework and preparation instructions supplied by your practice.
Clear preparation requirements
The team establishes the working file, supporting schedules, access requirements and review points before preparation begins.
Structured working file
Accounts, journals, schedules and agreed supporting documentation are prepared from the information provided.
Completed accounts file
The file moves through our internal review stages, including checks on reconciliations, supporting schedules, balance sheet items, profit and loss integrity and relevant disclosures.
Internally reviewed accounts
The completed file is returned to your team in an organised format for professional review, final amendments and client-level decisions.
Review-ready accounts
Quality & professional process
The accountant checks entries, reconciliations and supporting schedules before passing the file forward.
A qualified senior accountant reviews the file against an internal checklist covering balances, consistency, disclosures and tax-related calculations.
Key accounting treatments, adjustments and disclosures are checked for consistency with the applicable reporting requirements and prior-year approach.
A manager performs a final reasonableness review, including prior-year comparisons, before confirming the file is ready for your professional review.
Reliable accounts preparation support
When production is handled elsewhere, your accountants can focus on review, client advice and higher-value work.
Additional preparation capacity helps keep client work moving when deadlines and year-ends overlap.
Agreed processes and review points provide your team with consistent working papers for professional review.
Outsourcing gives practices additional capacity without immediately committing to permanent full-time hiring.
Measurable advantages
The aim of the layered review process is to identify avoidable issues before the file reaches your team, leaving your accountants more time for the judgement-led part of the review.
Additional preparation capacity can help move client accounts through production without waiting for an already stretched internal team to find the time.
Shift routine production work away from higher-cost professional staff and give those hours back to client work, review and advisory activity.
Start with a defined number of client files or a particular type of accounts work, then expand the arrangement as your practice becomes comfortable with the process.
Common accounts preparation questions
We can support a range of UK account preparation requirements, including limited company accounts, sole trader and partnership accounts, LLPs, group accounts, charities and not-for-profit organisations.
Yes. Our team can support statutory accounts preparation under FRS 102, FRS 102 (Section 1A) and FRS 105, along with the supporting schedules and working papers required by your practice. The final filing and professional responsibilities remain with the relevant UK accounting practice.
Completed files go through a three-stage internal review: preparer review, senior accountant review and manager sign-off. The checks cover the financial statements, supporting schedules, reconciliations, disclosures and other agreed requirements before the file is returned.
Typically, we need the trial balance, prior-year accounts, bookkeeping records and relevant supporting information such as bank statements and schedules. We can work with your existing information request process and identify missing items before preparation begins.
Turnaround depends on the complexity of the client, the quality of the source information and the scope of work. For straightforward files, a typical starting point may be around five to seven working days. Larger or more complex engagements may require more time, while priority work can be discussed in advance.
Yes. Our senior team can support consolidated accounts, inter-company reconciliations, elimination entries and group structures involving multiple entities, including arrangements with overseas subsidiaries.
Yes. Your practice can retain bookkeeping, client communication, tax review and final sign-off while our team handles the agreed preparation work and supporting schedules.
Explore our UK outsourcing services
Add capacity for recurring corporate tax work without putting every additional client onto your existing team's workload.
Learn more →Get practical support with VAT preparation and recurring compliance work while retaining control over review and client communication.
Learn more →Add support for routine company secretarial work and reduce the administrative pressure on your practice.
Learn more →Set up an offshore support function for recurring administrative, finance and operational activities that take time away from your core team.
Learn more →Let's Talk
Tell us which part of the preparation workload is taking the most time. We will look at the process with you, agree where our team can take responsibility and build the support around your practice.