Accounts Production reimagined for the cloud
- Reduce compliance workloads
- Embed consistency in your Accounts Production processes
- Reduce repetitive tasks and automate iXBRL tagging
- Uncover new insights with AI
- Empower staff with a user friendly tool
Accounts Production reimagined for the cloud
Create consistency more efficiently
Improve accuracy, reduce wasted work and complete year-end accounts faster with our automated and standardised templates. Live data from the client’s bookkeeping system automatically flows into your working papers templates and disclosure notes. If the working papers, or source data changes, your client file is automatically updated too.
Complete year-end accounts faster
Ensure accuracy, improve consistency and reduce unnecessary work with our smart schedules. Powered by automation and AI data checking, Silverfin flows live data from your client’s bookkeeping software seamlessly into your working papers.
With Silverfin, your accountants can reduce the time spent on client files by up to 50% across a diverse range of client types, such as limited companies, sole traders, partnerships, and LLPs.
Improve work quality and compliance
iXBRL tagging accurately embeds your financial data with machine-readable tags, ensuring financial statements are consistent and fully compliant with regulatory standards.
What’s more, using Silverfin’s Working Papers for Accounts Production filings means you’re always working with the most up-to-date client data. This, along with templates that are updated in line with regulatory changes, removes the risk of working with out-of-date numbers or submitting inaccurate filings.
Easy collaboration and information sharing
Share these final accounts with your clients via the Silverfin Pulse Portal and submit them electronically to Companies House with just a few clicks.
Automate core accounting work
With Silverfin, your entire team can access the information they need, when they need it, to streamline core accounting processes such as Accounts Production—all enhanced by AI and automation to eliminate errors and create additional capacity.
Complete year-end accounts faster
Improve work quality and compliance
What’s more, using Silverfin’s Working Papers for Accounts Production filings means you’re always working with the most up-to-date client data. This, along with templates that are updated in line with regulatory changes, removes the risk of working with out-of-date numbers or submitting inaccurate filings.
Easy collaboration and information sharing
Automate core accounting work
With Silverfin, your entire team can access the information they need, when they need it, to streamline core accounting processes such as Accounts Production—all enhanced by AI and automation to eliminate errors and create additional capacity.
Alastair Barlow • Founder and Chief Dreamer • flinder
Speak to us today to discover the power of enhanced accounting.
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FAQs
How does Silverfin streamline the preparation of MTD-compliant statutory accounts?
With your live client data stored in the Silverfin Hub, it’s easy for your entire team to access the latest information and streamline core accounting work. With everyone working on the latest client data you avoid wasted work while automation eliminates errors and creates capacity.
This means everyone in your firm can prepare and submit MTD-compliant statutory accounts in a fraction of the time with our smart templates, including relevant notes and disclosures, all automatically pre-populated with the latest data from your Working Papers.
What types of financial statements can be produced using Silverfin’s Accounts Production software?
With Silverfin post bookkeeping software your firm can create financial statements for a wide range of client types and legal entities that’s constantly growing. Currently, it includes limited companies (FRS102, FRS102 1A and FRS105), unincorporated sole traders, partnerships and Limited Liability Partnerships. Plus best practice accounts production templates will save your firm hours with data automatically flowing from your working papers and automatic iXBRL tagging.
How does Silverfin ensure accuracy and up-to-date information in financial reports?
Improve accuracy, reduce wasted work and complete year-end accounts faster with our automated and standardised templates. Live data from the client’s bookkeeping system automatically flows into your working papers templates and disclosure notes. If the working papers or source data changes your client file is updated automatically too.
Can you describe the iXBRL tagging process with Silverfin’s Accounts Production software?
Save hours with automated iXBRL tagging for your client’s statutory accounts. Final accounts can be shared digitally with your client via our Pulse Portal and can be electronically submitted to Companies House in just a couple of clicks.
How does Silverfin’s AI-powered Assistant enhance accounts production?
All the data that passes through the Silverfin Hub benefits from AI mapping to our standardised chart of accounts and comes with standard reporting including P&L, Balance Sheet and Key Financial Metrics that you can brand.
Innovative firms can use Silverfin Assistant, our AI advisory tool, to create further capacity using it to automatically analyses client files and training junior staff. Using AI to find outliers, errors and opportunities in client files, our intelligent AI-powered Assistant constantly analyses your data, cutting out time-consuming manual checking.
Preparation of year end accounts is also made more efficient thanks to Silverfin Assistant. An AI-powered tool to improve data quality and find advisory opportunities in client data, the Assistant constantly analyses client files for outliers or errors, and then suggests corrective or follow up action for preparers. You get peace of mind in the quality of your client service delivery, and that your junior staff have a constantly helping hand.
