Reimagine Accounts Production
With live client data in the cloud and best practice schedules, Silverfin automates and improves your firm’s Accounts Production experience. Designed for accountants by accountants, Silverfin creates consistency and capacity with live client files, connected working papers and AI you can trust. Our cloud software supports over 400,000 client files annually for firms, including 30 of the UK’s top 100.
Embed consistency and accuracy into your processes
Live client data flows into best practice working papers, supported by AI mapping, pre-populating your Accounts Production schedules in real-time.
Cut preparation time in half
With automation, AI data checking and in-context communications, Silverfin clients can reduce the time spent on client files by up to 50%.
A flexible, user-friendly way to deliver more value
With per client file pricing, a modern interface and simple implementation, it’s easy to unlock value.
“The accounting industry is changing rapidly with technology pushing production efficiency and business
model boundaries across the sector. Real-time access to cloud-based data, AI-powered automation and
new advisory services are reinventing the services and how they are delivered. At Silverfin, we’re proud to
support this transformation including streamlining accounts production and core compliance work.”
Accounts Production, powered by Silverfin
Prepare and submit MTD-compliant statutory accounts in a fraction of the time with live data connections, tools that automate and standardise your work,
enhanced with AI.
Key Benefits
1. Complete year-end accounts faster
Ensure accuracy, improve consistency and cut out unnecessary work with our smart templates. Live data from your client’s bookkeeping systems flows seamlessly into your working papers and disclosure notes, ensuring that any updates in the working papers or source data are automatically reflected in the client files.
2. Reduce compliance workloads
Generate financial statements effortlessly for a diverse range of client types and legal entities, such as limited companies (FRS102, FRS102 1A and FRS105), unincorporated sole traders, partnerships and Limited Liability Partnerships. Automate data flows to save valuable hours.
3. Automate iXBRL tagging
Our iXBRL tagging tool accurately embeds your financial data with machine-readable tags, ensuring your financial statements are consistent and fully compliant with regulatory standards.
4. Collaborate and share information with ease
Communicate efficiently with colleagues using our integrated review and collaboration tools. Easily share final accounts with clients through our Pulse Portal and submit electronically to Companies House with just a few clicks.
5. Uncover new insights with AI
Let our AI-powered Silverfin Assistant analyse all your Accounts Payable files and data to identify outliers, errors and opportunities. Use these insights to enhance data integrity, improve quality and ensure consistent outputs.
Customer case study – BKL streamlines Accounts Production with Silverfin
BKL, is a single-office accounting practice based in North London with 230 staff and ranked 48 in the UK. The firm adopted Silverfin’s cloud accounting compliance platform to address challenges such as data entry duplication and inconsistent client file standards.
“For BKL, the three main advantages of using Silverfin are standardisation, systemisation and time-saving.” Jason Appel, Partner, BKL
The primary goal at BKL was to bring together their different teams into one system with one set of processes and a single source of truth.
“We had separate outsourcing and Accounts Production teams, and we wanted to bring them together and make them more efficient. We needed to look for a way to have one point of truth and also to input data only once and have it flow through the system. Silverfin has enabled us to do that,” explains Jason.
With Silvefin, BKL’s team only has to input data once and have it flow seamlessly throughout the entire system – removing the need to cut and paste or export data between different software packages.
DRIVING EFFICIENCIES IN DAY-TO-DAY OPERATIONS
Silverfin empowers BKL to establish one way of working across all teams, ensuring consistency across different sectors and boosting overall efficiency. The platform has also resulted in tangible time savings during day-to-day tasks.
With many of their clients using Xero, bookkeeping data is pulled through automatically into Silverfin, pre-populating the different schedules that need to be completed to produce the year-end accounts.
“One particularly notable time-saving occurred with a set of accounts that previously took around 25 hours in 2021. However, in 2022, the same task only took 12 and a half hours! This substantial timesaving is solely attributable to the use of Silverfin schedules.” Hollie Moore, BKL Manager
To learn more about how BKL harnesses the power of Silverfin to save time, enhance data flow and achieve standardisation across teams, read the full case study here.
About Silverfin:
Silverfin is a cloud platform with live client data, connected workpapers and AI that’s built by accountants for accountants. Silverfin dramatically improves the efficiency, accuracy and profitability of traditional post accounting work. With centralised data, standardised and automated workflows, this work takes hours rather than days.
Built by accountants for accountants, Silverfin supports over 340,000 client files a year for customers including 30 of the top 100 accounting firms in the UK.
Creating consistency and capacity, Silverfin helps firms thrive with improved quality, insights and the benefits of AI trained on accounting data. Our cloud Data Hub enables access to real-time data and eliminates errors so that preparing and submitting end-of-year accounts and corporation tax returns often takes 50% less time.
About Silverfin Assistant: Silverfin Assistant continuously analyses client files to find unusual balances, missing transactions and outliers. Flagging these and suggesting fixes, saves hours of manual checking, improves accuracy and improves client service.
