New Accounting Client Checklist


Starting to work with a New accounting client checklist requires a well-structured checklist to gather all necessary information and ensure efficient service delivery. Whether you’re an experienced accountant or a novice in the field, this comprehensive checklist will guide you through the client onboarding process.

Gather Client Information

Begin by collecting the client’s contact details, including their name, address, phone number, and email. Additionally, request their business specifics, such as the business name, type, registration number, and tax identification number. Obtaining this information upfront will facilitate customized service provision.

Furthermore, it’s advisable to request financial documents, such as bank statements, income records, and expense receipts. While these documents can be obtained later, having them from the beginning allows for a comprehensive understanding of the client’s financial situation.

Determine the Scope of Services

The next step entails discussing the client’s specific accounting needs and requirements to determine the scope of services. Clearly define the services you’ll provide, ensuring mutual understanding and setting appropriate expectations.

Possible services may include bookkeeping, financial statement preparation, payroll processing, tax planning, and compliance. By establishing the scope of services early on, you prevent misunderstandings and ensure alignment between both parties.

Assess Technology and Software

In the digital era, evaluating the technology and software the client currently employs is vital. Assessing their existing systems will help you identify any necessary adjustments or upgrades.

Popular accounting software platforms include QuickBooks, Xero, and Sage. Familiarize yourself with these systems to better assist your client in effective financial management. Additionally, discuss any potential integrations or third-party applications that may streamline processes.

Develop an Onboarding Timeline

Now that you have all necessary information and understand the client’s requirements, create an onboarding timeline. This timeline will outline tasks and respective deadlines.

Include essential tasks, such as setting up accounting software, collecting and organizing financial documents, determining reporting schedules, and scheduling regular client meetings. A clear timeline helps manage client expectations and ensures a smooth onboarding process.

Review Tax and Compliance Obligations

Understanding the client’s tax and compliance obligations is essential. Stay updated on the latest tax laws and regulations as an accountant. Review the client’s tax filing history, previously filed tax returns, and notices from tax authorities.

Identify potential compliance issues and communicate necessary steps or actions to ensure the client remains compliant with tax laws and regulations.

Provide Initial Recommendations

After gathering all necessary information, provide the client with initial recommendations based on their financial situation and goals. These recommendations could involve areas for cost savings, tax planning strategies, and financial improvements.

Ensure your recommendations are specific and actionable, showcasing your expertise and the value of your services to the client. This fosters a positive and collaborative working relationship.

By following this new accounting client checklist, you streamline the onboarding process, establish clear expectations, and provide valuable accounting services from day one. Thorough preparation and attention to detail are key elements in building successful client relationships in the accounting field.