Annual accounts
Annual accounts, with a head start
Silverfin builds each client’s annual accounts from the same working papers your team already reconciled, in the template their legal entity and jurisdiction need, and keeps the file right if a figure changes upstream.
From reconciled file to filed accounts
Producing the accounts is still often a separate step. Totals get re-keyed into a new template, someone picks the right format by hand, and nobody checks whether anything changed since the working papers were signed off.
Silverfin skips the re-entry. The accounts read from the same structured data as the working papers, pick up the template the client’s legal entity and jurisdiction need, and pick up any change made after sign-off too.
Templates
One platform, every client type
Sole trader, partnership, limited company or LLP, whatever the legal entity, and whatever the local GAAP, Silverfin has a template for it, maintained centrally.
Roll forward carries prior year figures across automatically, and iXBRL tagging is part of the workflow.
The right format every time
Silverfin selects the template that fits the client’s legal entity and reporting standard, so nobody has to remember which version applies.
Pre-filled from the working papers you already did
Fixed assets, debtors, creditors and the rest of the reconciled balance sheet carry straight into the accounts, traceable back to source.
Advisory work without more data entry
Reporting, portfolio analysis, client meetings and client access all read from the compliance data your team already produced.
Reporting
Client-ready reports straight from the compliance data, without rebuilding the numbers.
Insights
When a regulation changes, find every client file it affects in one search rather than a week of checking.
Talking Points
Turn what you noticed during review into a client conversation, prepared and recorded in the same place.
Pulse
Give clients the reports they ask for, and a view of where their file has got to.
Silverfin Assistant, across the whole workflow
The Assistant carries into the annual accounts too, flags movements against last year worth a second look, and drafts the disclosure wording so nobody starts from a blank note.
See your own client's accounts, most of the way done
Book a demo and we’ll build one of your client’s annual accounts live, starting from the working papers you already have.
FAQs
What are annual accounts in Silverfin?
Annual accounts in Silverfin are the statutory year end accounts your firm prepares and files for a client, built from the same working papers file your team already reconciled rather than a fresh export.
How much of the annual accounts is pre-filled from working papers?
Around 80%, because the annual accounts read from the same reconciled data as the working papers rather than a fresh import. The reconciled balance sheet and surrounding detail carry straight across.
Which client types and GAAPs does Silverfin support for annual accounts?
Templates cover sole traders, partnerships, limited companies and LLPs, mapped to the local GAAP and disclosure regime for each market Silverfin operates in.
What happens to the annual accounts if the working papers change after sign off?
The same cascade that applies to working papers applies here. A late change re-opens the parts of the accounts it affects, so a stale figure doesn't sit in a filed set of accounts unnoticed.
