Generate an accurate and reliable full set of Financial Statements in minutes. Utilize the Financial Statements templates to review, validate and publish the results.
Advanced validation features combined with sophisticated accounting logic prompts for errors or inconsistencies. Automated publishing eliminates the need to select which notes participate in published accounts. Use the Audit template to help you through the audit procedure.
Simply refresh the IR4 template to prepare Tax Returns in printable and xml format for automatic upload in TaxisNet.
A number of Microsoft Excel Templates are provided with the system. Each template provides the functionality, validations and publishing features required to accurately prepare and publish your results while minimizing your effort.
- Financial Reporting
- Consolidated Financial Statements
- Audit Assistance
- IR4
- Management Reporting
WORK EFFICIENTLY, WORK ACCURATELY
Importing data
- Extensible to import TBs from any accounting package
- Load a TB from Excel in seconds
- Screens designed for fast Data entry
Import TB, process, view results in minutes
No end-of-year procedures
Fast one-off setup of a company
- No need to review mapping time after time
- Map once, the system knows what to do
KEY FEATURES
Built-in IFRS logic
The system includes all required logic to handle financial statements and notes as per IFRS standards, handling complexities for you
Full integration with excel
View the results from your favorite tool, Microsoft Excel. Simply open the provided Excel template, select the reporting period and refresh.
Flexible & extensible
No task is too complex for Financial Templates. Upgrades for new IFRS's are prepared by qualified Accountants and are distributed through our convenient automatic upgrade capabilities. Custom templates require no technical background. Simply use Excel and create a new template with a few clicks.
Minimum input required
Centrally controlled input checklists
Sophisticated report definitions
Map once and forget, e.g. Directors’, VAT accounts
Automatic System Journals
Auto-system journals handle every possible exchange difference caused by subsidiaries’ different reporting currencies - simply upload the subsidiary’s TB in local currency and let the system do the rest
No hard-coded figures to balance any statement or note
Rounding
Rounding differences handled automatically at all levels
Publishing
High Quality publishing, printing, export in PDF
True accounting logic preventing mistakes to go through
No cumbersome year-end procedures
True multi-language support
Business Intelligence Advice’s Financial Templates ™ software makes financial consolidation and reporting easy.
By combining the power of Microsoft SQL Server ™ and Excel with a set of tools designed for Financial Controllers, Financial Templates provides a solid framework for financial reporting and achieving IFRS compliance.
Rule based consolidation engine generates the consolidation entries automatically. Simply import the Trial Balances of the group member companies and fill-in the required input data from the templates provided.
- Intercompany Transactions
- Cost of Control
- Foreign Subsidiaries
- Non-controlling Interest
- Unrealized Profit
- Associates
The consolidation rules included in the system were developed by qualified Accountants and ensure complete and accurate handling of the complexities involved in typical consolidation scenarios including foreign subsidiaries and associates and changes in group structure.
No specialized IT background is required in order to understand or learn how to create such formulae. These formulae consist of easy-to-read keywords called “variables” and functions similar to the functions of Excel. These functions abstract much of the calculations required making it easier for the user to define a rule without having to worry about the calculation.
Single version of the truth - The problem with most management reporting systems is that results do not match the company’s Financial Statements. Not anymore! Financial Templates ™ guarantees consistent results every time.
Key Performance Indicators - Help your firm define and measure progress toward your goals! Any KPI suitable for your needs can be accommodated in our reports.
Graphs - Graphical representation helps financial managers identify trends and relationships. Visualize any financial data using Excel’s build-in graph tools.
Ratios - Ratio analysis is a useful tool to evaluate the financial results of any business in order to gauge its performance. Through accounting ratios we can offer an invaluable insight into the business' performance.
Monthly or quarterly reporting is a valuable tool for any manager. We recognize the need for timely and cost effective reporting; therefore we have designed a flexible and user friendly tool, utilizing Excel to view results, analyze profitability, cash-flows and financial positions in various dimensions. By making sure that management reporting uses the same financial information used in the company’s Financial Statements, single version of the truth is guaranteed. This is made possible using Financial Templates ™ sophisticated financial reporting engine. Results you can trust… with a management spin.
The rule-based engine of the system can be used to automate any task. You need to allocate costs/income per project? No problem! We can build the rules and an input template for you and the system will do the rest!