Statutory accounts for every entity in your group

Statutory Reporting

Statutory accounts for every entity in a group, from one standard. Inside ONESOURCE Statutory Reporting: content for UK and overseas standards, your template built and published once, each company's trial balance loaded and its accounts drawn without typing, group statements under IFRS, overseas subsidiaries on the same platform, and iXBRL tags checked before filing.

Transcript: the words on screen

1. 0:00Statutory accounts for every entity in your group.
2. 0:03ONESOURCE Statutory Reporting / Start in the UK. Expand overseas. / Content, Template, Deploy, File
3. 0:07How it works / ONESOURCE content. Your template. Every company and group. / Content / ONESOURCE content. IFRS, UK GAAP, US GAAP, Irish GAAP and more / Template / Your standard. Adopt, adapt, add / Deploy / Every company. Every entity, every year / Publish / Final accounts. Validated and tagged
4. 0:1401 · The content / ONESOURCE content for UK standards, and overseas templates when you expand.
5. 0:15Every standard, kept current
6. 0:21A sample of overseas templates, many more available
7. 0:2501 · The content / Statements, notes and policies, ready built.
8. 0:3302 · Your standard / Build your standard on the ONESOURCE content.
9. 0:39Parent: UK FRS 102 · Version 33
10. 0:4102 · Your standard / Map your chart of accounts. Once.
11. 0:4375 accounts to assign
12. 0:47All mapped, totals filled
13. 0:4902 · Your standard / Adopt it where it works. Make the wording yours.
14. 0:59Going concern
15. 1:0202 · Your standard / Where it doesn't fit, add your own tables and notes.
16. 1:08Revenue by service line
17. 1:1102 · Your standard / Your own analysis, checked against the accounts.
18. 1:12Test error: caught and reported
19. 1:17Agrees to turnover
20. 1:1903 · Deploy / Publish it as your standard.
21. 1:25Publish
22. 1:2703 · Deploy / Deploy it to each company: code, name, year end.
23. 1:29Reporting Entities
24. 1:37Data Analytics Services Ltd
25. 1:3903 · Deploy / Load each company's trial balance.
26. 1:40Upload · Map · Clean · Complete
27. 1:4704 · It flexes / The template flexes to what is in each trial balance.
28. 1:49Included only when it applies
29. 1:54Shown only when the data exists
30. 1:5804 · It flexes / Draw the accounts. None of it was typed.
31. 1:59Profit before tax 900
32. 2:0605 · Each company / Group-wide content sits in the template. Add company-specific detail in the entity.
33. 2:1405 · Each company / Different here? Overwrite it for this company.
34. 2:22Template: the group director
35. 2:26This company's own director
36. 2:2806 · A group / Groups too: group statements and complex notes, under IFRS.
37. 2:29Osprey IFRS Group Template, built on UK IFRS
38. 2:35Segment analysis, drawn for the group
39. 2:3806 · A group / Overseas subsidiaries on the same platform, in local format and language.
40. 2:40UK, Ireland and Belgium together
41. 2:45Belgian accounts, in Dutch
42. 2:48Translate to English
43. 2:5007 · Next year / ONESOURCE updates as the rules change. Accept, and every company moves.
44. 2:51[Update Available]
45. 2:55Template update in progress
46. 2:5907 · Next year / Roll forward and start next year.
47. 3:00New period: 2026
48. 3:042025 closed and locked
49. 3:0608 · Publish / The iXBRL tags came with the template.
50. 3:12XBRL on
51. 3:1308 · Publish / Anything wrong is listed, with a link to it.
52. 3:15Test error: approval date missing
53. 3:19Fixed: no warnings
54. 3:22UK first, then overseas / One process for every entity in the group. / Start with your UK companies / Add overseas entities on the same platform / One group standard, owned centrally / Review, validate and tag in one place
55. 3:28In summary / Build once, report every company. / One group standard across every company / Save time at year end: build once, roll forward / Fewer errors, with built-in checks and validation / Trusted ONESOURCE content, kept up to date / Review, sign-off and audit trail in one place / Further automation through APIs
56. 3:36ONESOURCE Statutory Reporting / Implemented by Osprey Consulting / Book a 30-minute call on our website / ospreyconsulting.co.uk

Recorded by Osprey Consulting: Thomson Reuters ONESOURCE Certified Implementers, Alphatax partner, Registered Alteryx Solution Provider Partner.