Accountants Letters

As of February 2025, we no longer need to provide accountants letters per 
Banking Code of Practice, however there are still some instances where accountants letters are required.

In the case that an accountants letter is required, the following must happen.

1. The client must pay the fee upfront before we start the process.
2. The client must be onboarded (letter of engagement, added to the portal, added to XPM)
3. Send letter from lender with an application number
4. Send the letter template, or list of requirements the lender has provided
5. We will not guarantee income, solvency etc. We will state the financial position only.
6. Please provide clear instructions about what is required.
7. Complete the draft letter using this Template. 
8. Upload supporting documents to a Xero Workpaper (AJ - Accountants Letter)
9. The tax agent only can sign the letter
   
   

The Accounting Academy charges $300 + GST. You are welcome to add your fee on top of this. 

Process:

1. Onboard client (letter of engagement, added to the portal, added to XPM)
2. Send invoice and receive payment - we will not go ahead until payment i s received
3. Collate information (P&L and Balance sheet with current vs prior year, 2 years of tax returns, letter template or wording provided by the lender, loan amount and details)
4. Upload supporting documents to a Xero Workpaper (AJ - Accountants Letter)
5. Send request  to wegotyou@theaccountingacademy.com.au with Subject: Accountants Letter {Client Name}
6. Allow 5 business days to complete the letter

If you require an urgent turnaround, please use this link to book in a  call to discuss, but make sure you have completed the steps above before booking the call.