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Lumos Finance/Year-end accounts
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From trial balance to statutory accounts.

Each year has its own accounts file. Bring in the year-end trial balance, map each account to its statutory heading, add adjustments, check the figures, complete the notes and produce the accounts.

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Lumos Finance · Accounts and Taxation
Lumos Finance · Accounts and Taxation
Lumos Finance in development, shown with an example company.
One file
for every year end
4 steps
bring in, map, check, finalise
Locked
when finalised, then rolled forward

How it works

One accounts file for every year end

1

Bring in the trial balance

Straight from the books in Lumos Finance, or from another system.

2

Map and adjust

Map each account to its statutory heading and add year-end adjustments.

3

Check and complete

Check the figures and complete the notes.

4

Finalise and roll forward

Finalising locks the file and rolls it forward as next year's comparatives.

What changes

The old way, and the Lumos way

The usual way

  • Exporting the trial balance into separate accounts software
  • Retyping last year as comparatives
  • Building packs by hand

With Lumos Finance

  • Accounts made from the same books
  • Finalising rolls the file forward as comparatives
  • Packs and letters ready to send for signing

Packs and letters

Accounts packs, ready to send for signing.

  • ✓Pack creation to put the accounts and supporting documents together.
  • ✓Letter templates for the letters that go with the accounts.
  • ✓Practice details set once and used on every pack.
  • ✓Linked to Lumos Tools, so a finished pack can go straight to E-Signature.
Lumos Finance · Profit and loss
Lumos Finance · Profit and loss

Also in Lumos Finance

Everything from the first receipt to signed accounts

Bookkeeping and bankReconcile, code, capture and invoiceVAT and Making Tax DigitalReturns worked out from the booksAnalytics and insightsHealth score, trends and forecastsCharitiesFunds, trustees and examinersFor accountantsEvery client's books in one view

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