Deep Dive on Silverfin Accounts Production

Right. We’ll get going. So thanks everyone for joining us this morning. This is the second in a new series of webinars that we’re doing. So, about four weeks ago, we focused on the accounts production element of Silverfin. And today, we’re gonna dip into, sorry. The webinars element assumption. So I think today, we’re gonna go into the accounts production. So as a rough agenda, we’ll spend, myself about ten minutes going through, maybe a little bit less than that. We’re going through the overview of the platform and hoping to be what it does in general and and kind of the start to finish side of things. Curtis will then take over and dive into our accounts production module. Give us a good sort of ten, fifteen minutes to look into that. And, and then at the end, we’ll leave some time to answer, any questions that might crop up. That q and a, as we already tested, is open. So feel free to chuck those through as you work through that things, and we’ll get to the end of the the, the webinar today and, and get answers to those questions. I do believe somebody might have shared one prior to the webinar as well. So we’ll bring it up at the end and and get those answered as well. Grand. So, without any further ado, let’s get going. So my name is Mark. I have been at Silverfin now for coming up to three years. I’m a senior accounting exec. And my role really is to help, firms looking at Silverfin, evaluate the platform, test it, trial it, demo it, all that sort of stuff, and get them to the point where they’re they’re kinda happy to sign up. And solve the system. Before Silverfin, I spent some time selling enterprise financial close software to to large, it’s listed companies. And then before that, perhaps a bit more relevant to the kind of market we’re in now with the Silverfin platform, I spent about four years at Silverfin. And then prior to that, yeah, I’m probably enough ten years selling selling selling general cloud software to publishers and all sorts of things. So, you know, quite reasonably sort of experienced with the whole cloud digitization piece that’s going on through a lot of division at this point in time. Curtis, do you wanna introduce yourself and a bit about your background and what you do at Silverfin? Yeah. Sure. Cheers, Mark. So, hi. I’m Curtis Blanchard. I’m one of the customer success managers here at Silverfin. I’ve been at Silverfin for approaching a year now, but before that, I did work in practice for ten years from I started off in small firm to working my way up, and then joined for the last five years, a medium firm. But, yeah, my role is basically to, once you’ve spoken to Mark, I sort of help out and will take on the onboarding process, and will be your main point of contact for any silver thin issues. Yeah. And that that’s my role as customer success manager. Yeah. And what what what it means is ultimately, Curtis is a really good mind to pick when it comes to how to use and adapt Silverfinity configures your needs. He’s got practice experience, software experience. He he’s kinda sat on both sides of the fence. So between the two of us, you could probably be in pretty safe hands going forward if you wanna look at the platform in more detail. So we’ll start off with my piece a little bit about, kind of what the platform is and does and how it come to be. And I’ll start off with quite a bold statement in that. It’s it’s our belief that most firms out there, and I’m talking about, you know, the vast majority here, ninety percent plus. The technology you use for compliance work is probably gonna be outdated. And because of that, it’s limited to your firm’s potential. Ultimately, when we look at, you know, working papers as an example, which is a very core part of what the self impact one does, most firms are still using, something based in and around Excel. Some firms still, you know, could be using paper records in that regard. And that’s I think this year, I think Excel is forty years old, and I can’t think of anything else I do day to day, whether it’s listening to music, or watching a film, or or or any of those kind of things that we don’t take for granted that’s provided by Netflix or or Spotify, for example, that we’re doing that’s based on forty year old tech. So there’s a huge kind of potential here that we can kinda catch up on with with what self and optimism does, and and we’ll dive into as we go into the demonstration and look at how we can make things more efficient, bring it into the kinda the twenty first century, and bring it up to speed with the other bits of tech you might be using in around your practice. We talk a lot these days, whether we’re in practice or whether we’re a software vendor, about tech stacks in inverted comma, what software is in use, what we use for the processes, and there’s certainly older way to doing it. I mentioned paper records, you know, from way back when software kinda started traveling through our our practices, you know, maybe eight nineteen eighties, through to nineties. And then now we’ve kinda arrived in a situation where there’s this cloud involved and lots of these different protests and tools and services that we offer clients are being managed by by cloud platforms. But I think, realistically, when we look at a a modern firm, again, it’s in inverted commerce, it’s still pretty messy and disconnected. And that’s what this slide here trying to kind of, kinda illustrate. You know, we’ve got a lot of different systems, a lot of different processes, a lot of different connections, or or in some cases, no connections between different sets of data. But that data should be connected to what we’re doing, whether it’s client data, transactional data, accounts focused data, text data. There’s a lot of disconnect between that. Well, some bits sitting on a server somewhere, some on cloud, some still on on desktop prem solutions. It’s quite a messy environment, that even today, we’re kinda stuck and working with with the most, you know, most firms still in in this kind of situation. And then when we do begin to, you know, consciously or or or, you know, mindfully move our our our tools and and and products and softwares, excuse me, to the cloud, a lot of the time, they still sit quite isolated. So, yes, we might have some great cloud tools, practice management, might be using a lovely DocuSign, interface for for eastlining, might be using, you know, great, tools for your your bookkeeping with, with with Xero and QuickBooks and all the rest of it. But, again, they don’t really talk to each other, in the way they might like to. What that means is that we’re handling data more than we need to. Perhaps we’re inputting it in one place and then subsequent other places. That’s inefficient. It’s risky based in different formats. They don’t talk to each other, uncompactical to each other. We’re not really getting the benefit of having best in breed solutions because our data is not connected. And that’s where Silifin, begins to step in and and help help with that. So, the way we package our platform is quite different to, a lot of other solutions out there. We don’t we we have competitors, of course, but the way we we put together the different, areas we touch is is fairly unique. So you’ll see here in this cloud that, we’ve got, our our working papers for solution, account production that that’s bolted onto that, corporate tax in the same, a lot of AI capabilities woven into those very workflows, and then reports some pretty complex, and capable reporting, options as well. And that all sits in one place in the cloud. It means that, you know, from a kind of compliance perspective, when we start that year end prep job or that prep work with some management accounts, it’s all sitting in one place. It’s all connected. When I, for example, turn on my account’s job at the end and start processing, you know, the the construction piece, all my data that I have in the period flows automatically, same with tax, same with the reporting. So it’s a much more connected way of working that we, that we’re able to offer for the silicon platform. And we’re super focused on that. We’re not trying to break out into tax management areas necessarily. We’re not trying to, move away from that kind of corporate client, kind of sweet spot that we have. So where we need to where our clients help us direct us in this and and help us kinda shape what we do, we are able through a very, open and accessible API, link into other best in breed systems to help with that. So, for example, we have, DocuSign as an esigning tool. There are others out there, but that’s kind of the main one that we use with. You can submit your accounts and tax off to companies that has h HMRC, which is a a privilege given these days, but that’s also kind of done and done with the API. We’ve got countless different syncs to the different cloud, but keeping platforms out there and developing many more, many more online, as as we go on. And then when we don’t go into pest management and that sort of thing, we’ve got links off to platforms like Carbon, and that, again, they’re being developed and built all the time as well. So we’re beginning to help firms. We’re trying to help firms build a best in breed approach to how they use and adopt and and have software helping and supporting what they do as a as an accounting practice. This little slide just gives a bit more detail on how it all comes together. So I’ll run through this in in a couple of minutes or so. Essentially, we’re part of bookkeeping data. You’ll see some of the more well known ones here, definitely in the cloud space, also Excel as example. But if there’s a software you use, don’t panic. We’re agnostic in our approach. We don’t mind where the data comes from. There’s clear benefits for being cloud, because we can automatically pull that data in without any kind of manual input. But if a client’s still on manual records, if they aren’t able to leave the bookkeeping solution they’ve got for whatever reason, the bare minimum we need is a is a is a trial balance and general ledger kind of imports, for a CSV or Excel import. So once that data is in the platform, the first thing we’ll do is convert it to a standard chart of accounts. And the main thing that does is clean up that client data, acts like a bit of a funnel to kinda cleanse all the different formats your data might be in from key perspective into one standard set of data, formatting in the silicon platform. And then from there, we can work with every client in the same way, whether it’s, preparing their accounts through their work and papers, whether it’s actually doing the accounts themselves, whether it’s creating tax return, whether it’s reporting, whether it’s management accounts, we’re not gonna be working with our client data basically in the same language. It means you can take the same approach time and time again with each customer we work with regardless of how their bookkeeping can be completed or where it’s been completed. So that’s the main you know, probably the standout USP network platforms, how we can can aggregate the data into one kind of common common speak if you like. The three circles you see in the middle just signify three of the the the kind of, compliance workflows we we replace, or or could cover, I say, should I say, sorry, within Silverfin. You can include management accounts in there. Our marketing team opted to take it out just to keep this slide a bit simpler, but that’s certainly very much a cool part of what we do as well. And these, are overlapping to signify that they talk to each other. So I mentioned very briefly a minute ago how, a lot of the time you might be doing your working papers in Excel, your accounts in one software, perhaps tax in another, and then you’re reporting for monthly or or quarterly merchant accounts somewhere else, that’s potentially for three or four minimum softwares you’re using. That’s three or four different software relationships, man vendor management, three or four different formats of data that’s risky, hard to maintain. Training is difficult across that. We simplify the whole process by doing it all in one place, first and foremost. And And then those bases that sit in these workflows are all connected. So that means that when I start my work on paper’s job and and start completing, filling in data, reconciling accounts, all that sort of stuff, and I turn on my account production job, whether it’s a set of one or two accounts, whatever the case might be, The data from here flows through automatically to populate my accounts templates. So they need to copy and paste it, they need to export it, they need to reformat it. Our map picking our templates take care of all that for you. I like to say we’re just kinda doing more, you know, two jobs in one go. You’re talking to the next once, and it’s flowing through to the relevant area in the silicon platform based upon what you needed to do. Same notion with tax, same notion with the management account. So it’s all connected kinda back to front. When I say back to front, it means that if you’re making adjustments in here or here or further breaking down how you treat a particular, you know, the your text treatment on a particular account, any journal, etcetera, can flow back through your system as well, and then we can round the whole process up by post the deals back to the platform as well. So it’s a much more connected way of working. So that’s the kinda whole notion of Silverpay. We’re we’re not about doing things again and again and again in separate places when it’s necessary. It’s sort of like completing that that the the whole client piece in one area by having the data once kinda smartly and efficiently, and and and only the ones that we need to. I’ve mentioned before that our API is in play. So, of course, we can do the the accounts and tax submissions off those relevant governing bodies. That lets us talk to different third party systems. So I mentioned Carbon as one example, but there’s plenty that’s out there affirmed where they’re using our API to link and sort of into those third party systems that we don’t tend to that would that cover off areas that we don’t touch. We have a client portal, where you can interrupt your clients. The the esign tool resides in there. You can ask queries, share documentation, all that kind of stuff you’d expect a client portal to do. AI, talked about it quite a bit already. It helps power, the rebooting of client data. It helps push and pull the data through the different workflows. It will sense check and say, for example, that if you’ve completed a particular working paper in here in a particular template, we from common sense, no. There’s a corresponding disclosure note or something to be aware of in the cash production world. You have it turned on. And if you try and turn it off, it’ll say that’s probably gonna be non compliant in terms of a a set of one or two accounts or the formats. It will check the bookkeeping data as well and and raise ref fag anomalies against data that might be non sensible, might be an anomaly, or might cause problems with the compliance rate down the line. So quite a nice time saving tool in in that sense. And then last but not least, our review collaboration tool is all about the context that you build up on a file. You know, your your managers, senior managers, partners, etcetera, can review and sign off work in a very safe structured way to make sure that what your your teams are doing is is done properly and controlled and measured and going out to the right standard at the right time without mistakes, without errors. That’s one of the the the kind of very well liked parts of the platform. We can build a very nice robust controlled structure around how we rework. Last little bit to add to all of this, is that everything I’ve talked about, you know, to a degree is modular. So for example, lots of our customers have started up with just a work of papers piece. They haven’t turned on accounts tax until they’re ready to migrate from their current systems or whether ready to change that as as as part of their process of digitizing. Similarly, you might would have a pulse, you know, a a a client portal in play within your, other residing softwares. If you don’t need that with Silverfin, we don’t sort of you don’t pay for it. What it means you can kind of gradually migrate across your Silverbeam platform at your own pace. We support you along that whole journey. That’s what Curtis’ team is here to do with his his role is. But, essentially, you can help manage the pace and and and the the the level of change that’s going through your firm by adopting some of them bit by bit. That being said, we are equally adept to helping firms kind of, you know, rip off the plastic and and migrate very, very quickly when they feel they’ve got the right resource of teams and kind of, knowledge, etcetera, in place to do that. So we could we could have a very tailored bespoke approach to how you adopt the platform. Before I hand over to Curtis to to start talking and sharing a bit about the platform, I just wanted to share this slide and and talk about, you know, what this means for accounting firms, what do we see as results from from making the change to Silverfin and then implementing what we do. And there’s three you know, these are just three examples. There’s more than this. These are three very nice set of different, benefits that firms have felt. So for BKL, you know, that they’ll they’ll happily kinda share. They had a a bit of a capacity challenge, and they felt that some of their jobs were taking too long. They’re perhaps using older ways of working. They might have had different teams of different places, and it meant that they the time to complete a job felt inefficient, felt heavy, felt a bit cumbersome. And they, from an implement the platform, are now reporting a time saving of up to fifty percent across a typical year end job. So that free time they’ve now got to speed them up to onboard more clients, work with clients closer, sometimes finish on time, and not have to, you know, be working sixty, seventy hour weeks, which I I know sometimes is all is all too common throughout throughout the issue we’re working. First, bit different. You know, they’ve taken the approach of how they managed to unlock revenue and growth. So in three years of of kind of adopting Silverfin, and looking back from that, they’ve managed to grow their revenue by by two hundred thousand across the year. And I kinda promise you, they they don’t pay us that much. So it’s a really good healthy bit of investment that they’re getting from using using software to be more efficient, to be smarter, work better with clients, you know, increase the output of what they’re doing from a from a kind of tech perspective. And then last but not least, PKF are are are very practical to sort of say that they they can now review work, at a much higher capacity. So, you know, they may felt they had a challenge around the quality work that’s being at risk of things being missed, by by reviews, etcetera. They’ve now managed to build in a much more robust and tight solution system around how they review their client work before they submit it off to relevant body or indeed share with their customers. So you kind of got a a time saving, revenue increase, and a quality kinda control piece. Three nice benefits that that some firms have seen from products and Silverfin. You might be more focused on on one or the other or combination of all three. You know, there’s there’s no right or wrong here when it comes down to to how the benefits might might give themselves to you when you use it when you use the platform. And just to round off really, you know, the the types of firms we work with, there’s not really a a a a perfect silver fin firm in the sense that we go after large firms or or small firms or firms that are in, you know, one location or the next. And you’ll see here very four different types of business that we work with. So some, you know, top one hundred firms, very well known, large firms spread out across lots of locations. Their challenge might be tested around, and then as the workflows ensuring that office a are doing the same as office b, the same as office c, and and therefore making the output, you know, is is standardized and as structured as as we can be. Other firms, perhaps on the smaller side, maybe, in terms of headcount, looking to grow through tech using smart automated technology to be more efficient and service their clients, more efficiently and and have that high touch model by letting tech do a lot of the work for them. Other firms, you know, on the acquisition trail, trying to bring in firms that, might have worked differently and and have that one overarching process that we all follow as business as well. And aspirational firms are looking to kinda challenge the these these top firms that might sit at a hundred, on on a on a strong aggressive kind of growth path in terms of what they do, and they’re using software, you know, packs across all three different, different ways you see here as well. So a very nice broad spectrum of different firm types that can use a Silfen platform and benefit from it. Tiny bit about the actual business, Silfen itself, before I move on. We’re now serving over a hundred thousand accounting firms. So hundred thousand to twelve thousand accounting firms. We work with, I think, at least count thirty six of the top one hundred, So a real nice, strong, solid, stable customer base to kinda pick from, help us innovate the product, ensure that we’re, you know, meet the needs of and then challenge the firms that are out there. We we service over four hundred thousand client files, so actually four hundred thousand separate entities are using some platform, you know, through their accountants, and we are active across seven different countries too. So we’re not just prevalent in the UK. We have a very strong, solution in the Bellerock services, which you you kinda see down here, but also across, the rest of Europe, the Americas, Africa, as well, and over in in in Australia too. So very much a global business in terms of of where we sit and reside and if we work with. And very recently or I say very recently. Maybe two years ago, we were acquired by by Visma. So they are a Scandinavian, you know, tech group. Very strong respect to credentials across across Europe in terms of, working with firms in the accounting space. And you can see some numbers there. They’ve got a, you know, over a hundred companies, thousand employees, a huge number of customers, and a and a huge number of revenue. So, you know, we are backed by by some of the very best, or one of the very best, I should say. This is out there, disappointing, you know, the good work that we’re doing in the UK and and elsewhere. I’ll pause there for a second, and I’ll let her take things over. I’m sure he’s desperate to to get into things and start sharing the platform. Brilliant. Cheers, Mark. Let me just open up and share my screen. Can you can you see myself when I came up? My my log Let me stop sharing, first of all, and then you can take over. Sorry. Give me a second. So I think that’s Sharon. So I should go in and share that. Can you see my can you see my silver fin now, my silver fin again? Yeah. I can. Yeah. I do. Great. So cheers for that, Mark. I’m just gonna basically walk us through, sort of a high level demo through the accounts production software. Well, just what you see here is just sort of your Silverfin overview page, which is what you’ll see when you first log in to Silverfin. And I’m just gonna open up some demo data called JetSet Go, which is just one of our demo files. Before we actually jump into the accounts production, I just wanna start by explaining how the data is actually pulled into the accounts. So when a client is first set up, the client’s nominal accounts will all have been mapped to the fill in chart of accounts using the Silver Thin Assistant AI mapping, which if it which if done correctly and import correctly, should pick up ninety eight percent of the codes. Is this mapping within the Silver Thin that determines the underlying tagging of nominal codes within the financial statements. This also helps determine which notes and disclosures are pulled into your account, so that’s automated. Going back to your client overview page, the relevant accounts production workflow should be added here, and is determined essentially how your environment is up. So this is a limited company, f r s one zero two one a. However, you if you wish to add another or change this, it’s very simply just to add a workflow, and change to, one of the other accounts production workflows in the system. Just so you know, when I refer to a workflow, it’s essentially any piece of work that’s completed within Silverfin. So I’m going to mainly be referring to the accounts production. Obviously, in this example, we’re just gonna do f r s one zero two one a accounts. But Silverfin can also support f r s one zero two, f r s one zero five, LLP, f r s one zero two one a, and also LLP, f r s one zero five frameworks. We can also complete different types of entities such as unincorporated, corporate sole traders and partnerships, farming accounts, consolidated accounts, multi trades, And the next release that we’re actually looking into building, is charity. So I know Silver have been here in the process of scoping out charity’s work, and it would look like it will cover charities applying the sort. We hope to start developing this in the last quarter of this year and expect the first version, to take about six months to develop, and then the plan will then be to expand on this, and to widen the use cases over time. So I’m now gonna click into the accounts production workflow. As you can see, if you’ve if you’ve had any experience with Silverman before, it’s very similar to the working papers workflow and other workflows. Essentially, any, template or reconciliation, which are these on the left here or note or disclosure that have been pulled through, anything that is a red triangle is requires an action needed or any data input. And then once that’s happened and it’s been reconciled and all the relevant data has been entered, it will turn into what a to one of these green circles here, which shows that that template or schedule has been reconciled. Anything with a gray box, essentially means that there’s no reconciliation data or with the general ledger no reconciliation with the general ledger possible, and no date is required to be entered. So things like company information where there’s no no no manual entry, required. So is it basically, across the top, we also have your, snapshot of your financials. You can see the smaller figure at the bottom is the number from your original bookkeeping data. These are the adjustments that have been posted within Silverfin, which can easily be accessed, just by clicking on the link here. And then you have your, year end figure, which will be pulled through into the accounts. Underneath here, we also have our progress bar. So anything that is starred or, on this workflow is going to be included in that progress bar and the accounts. And as these templates and reconciliations are reconciled and turned green, you see that your progress bar does complete. So if I unstar this that where it has been completed, you see that that’s now dropped down to seventy to sixty eight percent from seventy percent. So I will start that back up just to because I want that to be included. It’s important to note as well that as the information automatically flows through from the working paper workflow to the account production, we will see this progress move with the working papers as they are completed. Therefore, once we’ve completed the working paper, say, to a hundred percent, the accounts production would actually be closer to being completed. We’d sort of see it around the sixty to seventy percent. And this happens in, like, the other workflows where information is one touch and flows through from workflow to workflow. You also have these navigation bars at the top here, so it’s very easy to filter. If I wanted to look at my assets, I’ll start typing intangible assets. And you can also, very clearly filter by anything with a to do, which is a type of communication we have within Silverfin, a check. You can also filter by what is unreconciled. Just so you know that all the outstanding notes and disclosures and templates that need to be finished. And, also, you can just filter by exactly what is selected and what’s going to be included in your accounts. So your workflow is ordered in an intuitive way. So you sort of have your general settings, which is where you set up the file. And then the reporting is start off with your profit and loss as you’d expect to see in the accounts and then flows through to your notes. So it’s very easy to follow. So if I now go to open up the general settings, which is the most probably the most important area as this is where all the company info sits and where we determine the details of the accounts we want to pull together. Firstly, where there is a red square around the detail, this means info is required and completing it, will allow for the if one isn’t completed, you won’t be able to fully reconcile this template and you’ll keep the red triangle. It’s important to know as as all this information is completed, we have the roll forward functionality within Silverton. So you will only have to complete and have this information in your first year and then going forward alter any changes as this date will just be rolled forward into the next period. But, yeah, as you can see, this is just general information, that pulls through into your notes. For example, was this the first period for the f r s one zero two? If I was to select yes, that would then amend that note and disclosure correctly. Similarly, if the company was dormant, etcetera. We have the option to allow for it to show the size criteria, which actually silver thin then pulls through your turnover and your balance sheet totals and your average number of employees from your working papers so that you can see if you’ve crossed any of those audit thresholds and the size criteria thresholds. Also, we have this one touch data. So in this file, we’ve completed a wages summary with the average number of employees in the actual working papers. So, automatically, that information has flown through into the accounts production workflow. So we have the average number of employees pulled through. One thing I did want to show you as well is that we actually have the option to, sync to what we call an administer an administrative sync with Companies House. So if I was to pull this sync through, that then pulls through the statutory data into each file, such as your registered office, filing data into each file, such as your registered office, filing deadlines, directors, and also this information falls through to your account. So this is a different file, this is a different file I’m just looking at here. But if I just open up the general sentence, you will see that without being edited, the statutory information from Companies House has been pulled in, including the, registered office address as well as, if I wanted to, the drop down for the person signing the financial statements. So that’s some of the the automation that can happen from that just from that company’s housing. So if I go back to my file now, rather than go back to the workflow, I can either use this bar at the left here, which is ordered exactly the same as the overview workflow just to move between tabs. I also can use the command or control, whether you’re using a Mac or another laptop too, and command j. And this is where I can just search the templates wherever I am within a file. So that’s super useful for navigating around Silverfin. So I’m now gonna go and move on to the overview page. So this is what you do after the general settings, and, here’s where we can find all the options that essentially control the detail of what will be shown within the accounts. So at the top here, you have the option to change from draft and final depending on whether these accounts are being submitted or whether they’re just being, sent out for review. You then also select here whether you want full or affiliated accounts. So, obviously, with your affiliated accounts, you wouldn’t want your p and l attached. And what this does essentially is give you an overview of all the templates and reconciliations and, notes and disclosures that’ll be included within your account. So I can see that my profit and loss here has been removed from this. And if I just go back to the, full account, you’ll see that the p and l template has been pushed back in, and I can click to it there. So here’s your summary of notes and disclosures that are included in your account. And this is pulled through. So as you can see, these number these disclosures here are required because and are automatically pulled through because they have, we have figures in those for debtors. But one thing that is clever is if I was to say go in and to, unstar my debtors template, the overview page would inform me that there are some debtors numbers. We and from our sort of background coding, we think that this disclosure should be in your account. So if I just go back to the debtors page, you can see I’ve actually got a warning from this overview page, saying that that disclosure should be present and start. Okay. You also have the option to here to actually add some a additional profit and loss note or an additional, balance sheet note. And these essentially just means it gives you some customization. Also, if you do wanna add some sort of niche notes within your account, you can then manually type in, the heading and the information you want to include in the in the notes section of the accounts. So once we have, selected the account settings for the accounts we wish to repair, we can work our way through the workflow, reviewing the notes and disclosure and populating as required. Wherever information has been completed in the working papers, this should pull through to your notes in the accounts. So this is that one touch data. So for example, if I go to our fixed asset register or our tangible fixed asset notes, sorry, we’ll see that because the fixed asset register was completed in the working papers workflow, which I’ll just show you here. So this is our fixed asset register in the working papers. Because that’s been reconciled, that information has been pulled through to our tangible fixed asset now and has already been reconciled. So there’s technically no real additional work to do. But just to review, you can update what this level of disclosure, whether you want a four f s one zero two disclosure or if we’re gonna stick to the one a disclosure. And you can it’s automatic ticked that we already have plant and machinery in the accounts, but if you feel like there’s land and buildings or heritage assets, you can tick these to bring an additional disclosure. And also you can add additional customizable lines within your reconciliation. You also can tick, select extra boxes at the bottom here, which is present on all of your notes disclosures to bring in other areas of disclosure such as enable leased assets, or if there was a revalued investment property, you select yes, and I’ll pull through the relevant information. So the next thing I wanna move on to is the accounting policies. So, again, based on what you’ve already completed in with your, with your nominal ledger and your mapping and your overview page and general settings information, this will pull through the, accounting policies, which are fully customizable. If you were to go into any of them, you can then go through. And if I was to just add in some additional wording here, I can go in and change those wordings. You’ll see that I’ve now got an orange icon at the top left of the input box. And at any point, if you want to revert back to the default, note, you can just select this sort of, rounded arrow button here, and I can restore that back to default. So you won’t lose any of the original information. Alternatively, if there’s additional notes and disclosures you want to or additional notes in the accounting policies you wanna add, you can just check. For example, it’s telling me I need to add an enable going concern. And if I want to enable the standard accounting policy note for that, it will then pull that through into my accounting policies. If you, require adding these notes across your full client base, like, if you know for a fact that across your whole client portfolio, you’re gonna be changing the word in one of these notes, This is somewhere where the great CSM team would get involved, and we’d be able to change the code in the background so you wouldn’t have to change this for each and every file. We can automate that process so that that change has been made across your client portfolio. Now let’s move to the detailed profit and loss account. So, when preparing a full set of accounts, the detailed p and l is pulled through using the standardized silver thin mapping as I start as I start talked about at the start of the, demo. You then have the option to change the format of the P and L between standard and custom, which gives you the option to basically edit these E and L headings. Where possible, we recommend you try to keep to the standard as this will keep the detailed P and L same as it’s shown for other working papers. But we also understand that sometimes due to reporting, requirements or just how a client likes to see their p and l, you will need to change and update some of these headings. It’s also important, though, that to note that the template does have underlying IX barrel tagging attached to it, which is generated from the initial mapping. So any changes should remain materially consistent, with original description to avoid items being incorrectly tagged upon submission. But just for example, when I was back preparing accounts, I always had to take the facts. I think a partner once once asked me if I’d ever seen a fact and why it didn’t include it in the accounts. So that’s just another example there of a heading that we could change, and that would get pulled through. Once you’ve then worked through your accounts workflow, we do have a review and functionality, which I will just touch on. And, essentially, this is your review page, and, basically, you flow through. You can have your comparative set to each each year to your prior year or any year before that. So you’re reviewing both sets of accounts. And these accounts and notes will get disclosed if I go to, say, statement of change in equity, etcetera. These accounts will get pulled through, in the same format that they will get exported in the accounts. Now once you’ve marked something as reviewed, you can select mark to rude at the bottom, and what will then happen is a green tick will appear to show you that it’s been reviewed. Anything with a black tick will mean that it’s been reviewed but hasn’t been reviewed by you. When anyone then goes in and changes anything, that review tick will then get removed. But it’s very easy to see an audit log of everything that’s happened to that template. We also, very easily can add communications from here. So if you do wanna add a message and tag a user, if there is an issue, you can, just very easily tag someone in a message and say review note, and they will get them there a notification in their either via their email or on their Silverfin login. That’s just a very high level brief review because we have to just move on. But what I will just show you is what the set of the exported accounts look like. So you have these exports and style packs set up in your environment, but we’re just gonna do an f r s one zero two, a export. And as you can see, this is now pulled in based on the information, which isn’t yet complete, as it is the demo data. It’s pulled through a set of accounts based on what has been completed and starred in the workflow. It’s just important to show as well that this style pack has been set up in the background, but it’s very easy to then go in. And if I wanted to add add any additional reports, I can just drop in the accounts and select which of my working papers I want to add on that can be customized if you wanna add any, additional management information or working papers to go out to the client. Back to the overview page. Once yours is ready and the accounts have been, exported and reviewed by the client, you’re happy for the accounts to sign. It’s very easy to submit directly through Silverfin as all the RxBRL tagging is done in the background. So you’d simply just have to select download data. You’d select your RxBRL, f r s one zero two one a accounts, and you’ll get given this page. Just give that a second to load. And, essentially, what this will be able to do is through this portal, because this these accounts aren’t completed yet and there’s a few, the working paper isn’t a hundred percent completed, it will always give you this error error message. So, this is sort of an extra control in place so that you’re not submitting accounts that either have outstanding messages or to dos or anything because the basically, the work in progress isn’t at a hundred percent. Once you’re happy with this, you can either view the PDF for the RxBRL accounts. You can also download the RxBRL accounts before submitting. But it’s as simple as submit and click submit to Companies House. You will then get given a page where you enter the company name, company number, and the authentication cat code. And even then, once Silverfin has submitted once you’ve then done done that and click submit to company’s house, Silverfin will actually send you a message, which I don’t have a live sync here, but I do just have a file here. So this is the message board on the right that each file will receive. And as you can see here, it’s just say it will just send you a message to say, we’ve, received and your document is submitted to company’s house and is currently pending. And you’ll also then later on receive another message, letting you know that that company’s account have actually been filed to Companies House. So that makes it seem as easy to, submit those accounts. Now if I just go back, I just think one thing I just want to highlight as well is where we have this live sync and that one touch data, at any point in the file, you can drill down through to that transactional data. So from the p and l, anywhere where you see the hyperlink, I can actually go into that and see what makes up that file. So I know there’s some detail and say, staff entertaining. So while reviewing the accounts, I can actually drill down into the detailed profit and loss. Go into the working papers and the schedule for the entertainment, and see that any additional analysis, so there’s some tax analysis on there and some breakdown, all of that entertaining. I also can then see a view of the original ledger. So I actually have access to view from the platform the original transactional detail, whether that’s the original bookkeeping cloud software such as Xero, QuickBooks Sage, or whether you’ve imported a general transaction ledger with all the the transactions for that period. Just a couple of points I just wanted to refresh as well before finishing, is that you do have insights. So where we would have your, accounts production and working papers data is in the same place. We have something at all what we call insights where you can run data analytical reports on the information you have in Silverfin. So I know something that’s approaching is with the new lease updates coming in January. So you might be able to run reports on there where you any companies with this required disclosure or have certain accounts, live in that file, you’ll be able to run a report and just say all the files with this lease code, above x amount, we’ll we’ll we’ll be able to further that information for you. Just on that note, while we are talking about leases is we are currently building new disclosures for the f r s one zero two update that will be mandatory from the first of January twenty twenty six. And there are beta versions of these, and they’re already available in our first one zero two workflows by choosing the early adoption option, in the general settings. But once that’s completed, and after disclosures are are completed, we will be working on the leases working paper to calculate the rights of right of use asset and the lease liability to make the transition as smooth as possible and automate those process processes. Just my final two points as well is just you have the collaboration, so it’s easy to raise review points as Mark briefly touched on and as I showed in that review invite, easy to add messages, notes, and to dos. And also add Silverfin as a hundred percent cloud. So Companies House have announced recently the software filing will be mandatory from the first of April twenty twenty seven, and Silver Thin is compliant. So that’s, everything of my high level demo of accounts production. Obviously, if you do have any further questions, like, let us know. Thanks, Curtis. Thanks everyone for hanging on. I it definitely was a deep dive. We didn’t we we we pretty much did a little bit on that, so I know we ran out a little bit of time from initially. If you said, we appreciate you staying on with us. Were there any questions folks wanted to to have type in the q and a, before we leave? I’ll I’ll let folks do that whilst I just round things off. So we will share a recording of this, afterwards. You’ve got a copy of it. Beyond that, there’s plenty of ways to get in touch with us. So more than happy to kinda continue the conversation specifically off off offline with any one of you. You can request demos. You can trial the platform free of charge. We can schedule even deeper sessions with the CS team to kinda take you through what we can and can’t do, from the platform. I’ve not seen any questions come through whilst we’re speaking. The one that I alluded to in the beginning of the call, we will we’ll follow-up offline, with yourself and get some of this to that, nicely quickly for you as well. But, yeah, unless anyone’s got anything to to ask in the q and a, we’ll leave things there. Thanks again for joining. There will be another, deep dive session next month, and I believe we’ll be focusing on, the corporation tax module in Silicon around that. So it’d be great if you could join us then as well. Again, don’t worry. We’ll record that, and it can always be accessed afterwards. So thanks again, everyone. Enjoy the rest of your Wednesday. It’s quite nice and sunny. Hopefully, you get the chance to enjoy that bit today. Thank you. Take care.