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.
Prepared text modules
The automated data transfer makes it possible to create the balance sheet, income statement, cash flow statement and appropriation of profit at the push of a button. Thanks to ready-made text modules, you can create the appendix in no time at all and customise the cover sheet. The annual financial statements can be output in German, French, Italian and English.
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
- Cover sheet
- Hidden reserves
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.
Expandability
Individual templates can be transferred in whole or in part to other clients and years.
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.
Have we sparked your interest?
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FAQ about the Abacus Annual Financial Statements
How are accounts assigned?
The automated account assignment is currently based on the SME Chart of Accounts. The accounts can also be assigned to the structure manually using drag & drop. The assignment can be saved for subsequent years so that only new accounts need to be assigned manually for subsequent imports. Accounts can be reorganised using drag & drop.
Is the classification / XBRL mapping transferred to the annual financial statements?
At present, the accounts are transferred to the annual financial statements without their assignment (classification / XBRL mapping).
Do reclassifications (swapping of accounts) have to be carried out manually?
Swap accounts defined in Abacus can be automatically recognised, output and saved. Assets and liabilities can be recognised for the same account.
Have audits been performed to ensure that there are no differences between assets and liabilities or with the income statement?
The Abacus annual financial statements include basic audits. Any income not recognised in the income statement is reported separately.
Where are subsequent entries posted?
Subsequent entries or simulations can be posted in the Financial Accounting. The data can be transferred several times to the annual financial statements.
Can the figures in the balance sheet, income statement and cash flow statement be adjusted?
The values cannot be changed manually in the cloud. It is important that these values match the financial accounting so that the entire process remains auditable.
Is the cash flow statement included?
The cash flow statement is calculated automatically using the indirect method based on the balances in the balance sheet/income statement. The annual financial statements can be issued with or without a cash flow statement.
In which languages are the annual financial statements available?
The annual financial statement is available in German, French, Italian and English.
What design options are available for the logo, cover page and font?
The output of the annual financial statements is prepared in such a way that a corporate design can be used for the font and the design of the cover page.
Which accounting standards are supported?
Accounting in accordance with the Swiss Code of Obligations (CO) is currently supported.
Are interfaces to other providers of auditing and financial statement preparation planned?
No product-specific interfaces to third-party providers are planned. However, it will be possible to import data from third-party systems into the Abacus annual financial statements.