XYZ Model Financial Accounts Generator PLUS - June + December
XYZ Model Financial Accounts Generator Plus
XYZ Model Financial Accounts Generator Plus is an intuitive, Excel®-based financial statements preparation tool that takes the hard work out of generating compliant reports.
The set-up of each model financial report reflects the templates contained in the XYZ Model Financial Accounts suite of Financial Reporting publications, ensuring your presentation-ready financial reports comply with Australian Accounting Standards and ASIC requirements.
XYZ Model Financial Accounts Generator Plus Features
- Users can map financial information from their trial balance directly to the Input worksheet in XYZ Model Financial Accounts Generator via a point and click method
- Users no longer need to manually input financial information into the Input worksheet of the XYZ Model Financial Accounts Generator
- Once mapping has been set up, users can save the mapping and upload their financial information with the click of a button, eliminating data entry time
- Mapping set up in year 1 can also be used in subsequent years
- Pop-up commentary and comprehensive user guide to prepare financial reports
- Helpful warning messages, with discrepancies highlighted in red and explained in dialogue boxes
- PDF exportable
- Easy notes customisation
Financial Statement Entity Templates
Each entity template includes the full disclosure sets - across General Purpose, Reduced Disclosure Requirements, Special Purpose and Non-Reporting:
- Sole proprietorship
- Partnership
- Discretionary trust
- Unit trust
- Self-managed super fund
- Small proprietary company
- Large proprietary company (single and consolidated)
- Not for profit entities (ACNC & Corps Act)
- Incorporated association
- Public entity (single and consolidated)
XYZ Model Financial Accounts Generator Plus Subscription Options
Available for online subscription in the following three options:
- XYZ MFAG Plus – June & December update (caters for both 30 June and 31 December year-ends)
- XYZ MFAG Plus – June update (caters for entities with 30 June year-end)
- XYZ MFAG Plus – December update (caters for entities with 31 December year-end)
For further information about the full XYZ MFA suite, please visit http://tax.thomsonreuters.com.au/checkpoint/xyz
XYZ Model Financial Accounts Generator Plus Benefits
- Developed in the Excel environment, providing users with easy to use software that they are familiar with
- Contains dialog boxes and warning messages to step you through the entire process
- Contains automated links and formulae - users simply need to choose the relevant entity template, upload and map the financial data, which will then flow through to produce financial statements and supporting notes
- Saves time and cost of producing financial reports, researching the latest changes & keying in incorrect information
- Save time with automatic rollover of prior year comparatives
- Minimise errors associated with manual adjustments and manual entry of data
- Provides users with the confidence that they are producing financial reports that are compliant with Australian reporting requirements
- Based on XYZ Model Financial Accounts which has been the industry standard for over 30 years
- Flexibility to input account names specific to your entity, which are then automatically included in the relevant notes and in the totals
- Generate high quality presentation ready reports