Hi there, it looks like you've got an accounting coming due. If this is your first accounting, the processing forms might seem a little daunting, but we're here to show you how it's done. This video is the first in a set of three which explains the steps in completing your annual accounting. The link's video is an overview of the reasons for an accounting and what to do to prepare all the information you'll need before you can complete your accounting. First, you should have received a letter which will tell you when you need to submit your accounting to VA. The letter should also include a copy of the form you'll need to complete your accounting, the VA Form 21P-4706B Federal Fiduciaries Account. Some fiduciaries are also required to complete the VA Form 21P-4718a, Certificate of Balance on Deposit and Authorization to Disclose Financial Records. Most fiduciaries do not have to complete this form, however, if you are required to complete it, your fiduciary hub will specifically request it. If this form is needed, check out our supplemental video called "Completing the VA Form 21P-4718a". You can find the video on our website. Here in this video, we're going to look at why an accounting is required and how to prepare the information needed to complete the accounting. For more information on how to complete your VA Form 21P-4706B and finalize all actions, see our other videos, "How to Complete Your Accounting Part 1" which discusses how to complete the income section, and "How to Complete Your Accounting Part 2" which discusses how to complete the expenses section and how to finalize all accounting actions. Let's get started. So you might be wondering, what is an accounting and why do I need to complete one? An accounting is...