Accounting Software | Financial Statements

P&L, balance sheet, cash flow. SFRS, XBRL, IFRS layouts.

Statements drop the day you close. SFRS, or SFRS for Small Entities where the entity qualifies. IFRS for the foreign-parent group view. Cash flow direct or indirect. The XBRL for the ACRA filing comes off the same mapping. Drill from any line to the source JE to the source bill.

Start free trial Book a demo

What the system does

Capability, input, output.

Capability	Input	Output
P&L generation	Posted ledger + SFRS mapping	SFRS layout with comparatives
Balance sheet	Posted ledger + period close	SFRS, IFRS and US-GAAP layouts in parallel
Cash flow (direct + indirect)	Posted ledger + bank movements	Both methods drafted; CFO picks the layout
XBRL output	Statements + taxonomy mapping on the COA	Tagged filing for ACRA, generated not retyped
Notes drafting	Ledger + segment + related-party master	Notes auto-drafted from the ledger
Drill-to-source	Statement line	JE → bill / invoice / payment, one click
Comparatives	Prior period statements	YoY and QoQ comparatives in the layout

P&L generation

Input

Posted ledger + SFRS mapping

Output

SFRS layout with comparatives
Balance sheet

Input

Posted ledger + period close

Output

SFRS, IFRS and US-GAAP layouts in parallel
Cash flow (direct + indirect)

Input

Posted ledger + bank movements

Output

Both methods drafted; CFO picks the layout
XBRL output

Input

Statements + taxonomy mapping on the COA

Output

Tagged filing for ACRA, generated not retyped
Notes drafting

Input

Ledger + segment + related-party master

Output

Notes auto-drafted from the ledger
Drill-to-source

Input

Statement line

Output

JE → bill / invoice / payment, one click
Comparatives

Input

Prior period statements

Output

YoY and QoQ comparatives in the layout

Compliance + integrations

Statements that match the law your auditor cites.

SFRS layouts maintained centrally, with SFRS for Small Entities available where the entity qualifies. IFRS for foreign-parent groups. The XBRL tagging comes off the same COA mapping, so the filing is not a separate exercise in a separate tool.

Regulations we work within

SFRS

Presentation layouts ship with the product and track the standard.
SFRS for Small Entities

Available where the entity qualifies, with the reduced disclosure set.
IFRS

IFRS layouts for foreign-parent group view.
ACRA XBRL taxonomy

Statements tagged from the COA mapping for the annual filing.

Connects to

Xero Ledger sync both ways
QuickBooks Ledger sync both ways
Excel / PDF export Auditor-ready packaging

Financial Statements FAQ

What buyers ask.

Full SFRS or SFRS for Small Entities. How does the system pick?

The entity's status, set on the master, drives the default, and it can be overridden per entity for a transition year. The difference is mostly disclosure volume rather than measurement, so the statements come off the same ledger either way. What changes is how much of the notes pack gets drafted.

We moved from SFRS for Small Entities to full SFRS. Is the transition handled?

Yes. The first full-SFRS year is supported with a transition workpaper covering the reconciliation, opening balance adjustments and presentation differences. Your auditor reviews it before sign-off rather than reconstructing it.

Cash flow: direct or indirect method?

Both methods are supported. Most companies file the indirect method under SFRS(I) 1-7; the direct method is available for management reporting. Switch between layouts with no posting impact.

Can we restate prior periods?

Yes. Restatements, whether a prior-period error or a change in accounting policy, are supported as a tracked event. The restated statements export with the restatement note auto-drafted, and the original stays retrievable.

Related features

Run last quarter's statements on your ledger, free.

Connect one entity, post a few JEs, see the SFRS balance sheet generate live. Drill from any line to the source JE in one click.