Financial StatementsCloud-based presentation of the annual financial statements

Available from December 2024

The cloud solution for creating your annual financial statements

The annual financial statements serve to disclose the company's financial position to shareholders, creditors and other stakeholders. It creates transparency about the economic situation. Create your annual financial statements with Abacus, regardless of the legal form, based on the data available in the ERP.

Efficiency and time savings at the highest level

Say goodbye to tedious manual work steps - our software uses your data from the Abacus ERP and intelligently standardises the financial statements for the annual report. Thanks to the simple, intuitive and efficient user guidance, you benefit from enormous time savings and error-free execution. Templates that can be stored as basic settings further simplify the process. The layout of the financial statements can be customised using a variety of tools.

Ready-to-use text modules and artificial intelligence

The automated data transfer enables the creation of the balance sheet, income statement, cash flow statement and appropriation of profits at the touch of a button. Thanks to ready-to-use text modules, you can create the attachment in no time at all. Based on artificial intelligence, findings can be incorporated into the annual report.

DeepBox and DeepSign seamlessly connected

The financial statements elements are presented in a customisable PDF in a clear and understandable format. The documents can be securely shared via DeepBox and digitally signed with DeepSign with legal validity. 

Scope of the Financial Statements

  • Balance Sheet and Income Statement
  • Cash-flow statement
  • Appendices
  • Appropriation of profits
  • Proof of equity (available from Version 2)
  • Hidden reserves (available from Version 2)

Your benefits with the Abacus Financial Statements

The cloud-based Financial Statements distinguishes itself with the following advantages, among others:

Utilisation of ERP data

Utilising existing data saves an enormous amount of time and ensures error-free execution.

Cloud solution

The Abacus Financial Statements is created in the cloud, which enables flexible working.

DeepBox and DeepSign

The financial statement is securely shared with DeepBox and legally signed with DeepSign.

DeepBox and DeepSign are certified according to ISO 27001:2013. The data is hosted in Switzerland

Financial Statements process overview

Preparations and closing entries for the financial statements are made in Abacus ERP. The annual financial statements are prepared in the cloud.

Reconciliation

  • Reconciliation of subledgers ( Accounts Receivable, Accounts Payable, Assets) with the General Ledgers
  • Systematic review of all accounts to ensure that postings are allocated correctly in terms of content and timing
  • Correction of recognised incorrect postings and completion of gaps
  • Preparation of a balance sheet

Reconciliation takes place in Abacus ERP.

Accruals

  • Recognition and deferral of expenses and income.

The accruals and deferrals are made in Abacus ERP.

Valuations, Bad Debts and Provisions

  • Valuation of assets and liabilities
  • Valuation of accounts receivable and recognition of bad debts
  • Recognition of provisions

This step takes place in Abacus ERP.

Final documentation

Final documentation takes place in Abacus ERP.

Financial Statements

  • Preparation of the balance sheet, income statement, cash flow statement and notes
  • Preparation of the annual financial statements

The annual financial statements are prepared in the cloud.

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