Welcome to Brooks & Partners

The first step is to conduct an initial consultation with the client. During this meeting, the accountancy firm gathers important information about the client's business, financial situation, and specific accounting needs. The firm assesses the client's requirements, goals, and challenges to gain a comprehensive understanding of their accounting and financial management needs. This step helps establish a strong foundation for the working relationship between the firm and the client.

Once the initial consultation is complete, the accountancy firm and the client negotiate and establish an engagement agreement. This agreement outlines the terms of the engagement, including the scope of services, responsibilities of both parties, fee structure, billing arrangements, confidentiality provisions, and any other relevant terms and conditions. It's crucial to have a clear and well-documented agreement that aligns the expectations of both the firm and the client.

After the engagement agreement is in place, the accountancy firm proceeds with the onboarding process. This step involves collecting and organizing the necessary financial data and documents from the client. The firm may request information such as bank statements, invoices, receipts, payroll records, and any other relevant financial records. Additionally, the firm may assist the client in implementing accounting software or setting up efficient record-keeping systems, if required. The goal is to ensure that the firm has access to accurate and complete financial information to perform their services effectively.

Once the necessary data is collected and organized, the accountancy firm establishes reporting and communication channels with the client. This step involves defining how often and in what format the firm will provide financial reports, statements, or any other deliverables to the client. The firm also establishes the preferred communication methods, whether it's through regular meetings, emails, or phone calls. Clear and consistent communication channels are essential to maintain a smooth and collaborative relationship between the firm and the client.