Does An Accountant Actually Need My Bank Statements?

[CluelessBusiness]

Hi,

I started selling to make a profit in April 2020. I've yet to register as a business and don't really know where to begin. I've tried to submit my taxes myself several times, but have simply given up because I'm not sure what the "right" answers to the questions are.

My accounts are a mess, mixing personal and private transactions, making it extremely difficult to clear the accounts up using something like Quickbooks, as there are thousands of them.

However, I've kept an excel spreadsheet up to date with all of my purchases and sales, profit etc.

Would it be possible to simply give an accountant this excel information, or would I need to go through my entire bank statements and cross out personal transactions?

 

[MaRaTu]

Hi,

I started selling to make a profit in April 2020. I've yet to register as a business and don't really know where to begin. I've tried to submit my taxes myself several times, but have simply given up because I'm not sure what the "right" answers to the questions are.

My accounts are a mess, mixing personal and private transactions, making it extremely difficult to clear the accounts up using something like Quickbooks, as there are thousands of them.

However, I've kept an excel spreadsheet up to date with all of my purchases and sales, profit etc.

Would it be possible to simply give an accountant this excel information, or would I need to go through my entire bank statements and cross out personal transactions?

Your accountant will definitely need a record of your finances to sort you out. He will know what to do, you don’t need to ho thourgh your bank statements yourself. Good luck