For sole proprietorship businesses we prepare the year's balance sheet, income statement, fixed asset schedule and notes from your notebooks, bank statements and invoices. If a bank or tender needs one, our partner CA firm provides the audit report. Photos of documents are enough, so businesses outside Dhaka can use the service easily.
Our team has prepared balance sheets, income statements, fixed asset schedules, notes and audit reports for proprietorships such as a sand and stone supplier in the Sylhet region and a trading business. These businesses rarely keep full books; they keep bank statements and handwritten records.
On this page
When you need it
- New bank loan, renewal or higher cash credit limit
- Government or private tenders that ask for turnover and financial capacity
- Showing business income in the income tax return
- Enlistment with large buyers or as a supplier
What the file contains
| Part | Description |
|---|---|
| Cover and contents | Business name, owner, address, year |
| Auditor's report | From our partner CA firm, if an audit is needed |
| Balance sheet | Assets, liabilities and owner's capital at year-end |
| Income statement | Sales, expenses and profit for the year |
| Fixed asset schedule | Vehicles, machinery, furniture and depreciation |
| Notes | Nature of business, accounting policies, depreciation rates and explanations of each figure |
Want us to do this for you?
Tell us your situation on WhatsApp and we will tell you exactly what is needed and how long it takes.
Keep the owner's money and the business's money apart
The biggest problem in proprietorships is that personal and business transactions run through the same account. Every deposit and payment in the bank statement then has to be sorted: which is a sale, which is the owner's own money, which is household spending (drawings). We do this sorting with the owner. From next year we suggest a separate business account, which halves the work.
Working remotely from outside Dhaka
- Tell us on WhatsApp what the business does and what you need the accounts for
- We send a document list
- Send photos or scans of bank statements, notebook pages and invoices
- We send a list of questions and you answer by phone
- You approve the draft PDF, then the audit and final file come by courier or PDF
Frequently asked questions
Is an audit legally required for a proprietorship?
Usually not. But banks, tenders and large buyers often ask for one. Tell us who it is for and we will say whether an audit is needed.
I have no books, only bank statements.
We can still start. We analyse the bank transactions and talk with you to rebuild income and expenses. You need to give us year-end stock and receivable/payable lists.
Can several years be done together?
Yes. Banks often want two or three years. Each year is prepared separately.
What will it cost?
It depends on the number of transactions, the number of years and whether an audit is needed. We quote in writing after seeing sample documents.
Talk to us about your accounting work
The first conversation is free. You get a written price and timeline before any work starts.
Related pages
Audited accounts with DVC for bank loans
Audited statements with DVC for a loan, renewal or higher limit, from books to audit.
ServicesFinal accounts preparation
Balance sheet, income statement, cash flows, notes and fixed asset schedule.
ServicesBacklog accounting: several years of missing books
Several years of missing books, trial balances and final accounts together.
ServicesMonthly bookkeeping services
Monthly entries, bank reconciliation, receivables, payables and a monthly report.
Written by the EOMS Hisab accounts team. Last reviewed: . Bangladesh rules change with each Finance Act, SRO and circular. Check rates and thresholds against the latest official source before relying on them.