ONESOURCE Statutory Reporting

One finance team, local accounts in every country

3 min 8 sec. Don't adjust your speakers: there is no sound. The captions do the talking.

Statutory accounts for every country, run by one shared service centre, in 3 minutes 8 seconds. Don't adjust your speakers: there is no sound. The captions do the talking.

Statutory Reporting

One finance team producing statutory accounts in every country. Inside ONESOURCE Statutory Reporting: country content kept current, a template for each country on one chart of accounts, review in English and report in the local language, an update published once and offered to every entity, local currency in and group currency out, and countries added in phases.

ONESOURCE Statutory Reporting services → Book a 30-minute call Also on YouTube
Transcript: the words on screen
  1. 0:00One finance team. Local accounts in every country.
  2. 0:03ONESOURCE Statutory Reporting / Every country. One way of working. / Content / Template / Translate / Deploy
  3. 0:06How it works / Country content. Your templates. Every entity. / Content / ONESOURCE content / Country by country, kept current / Template / Your templates / One per country, built the same way / Translate / Any language / Work in English, report locally
  4. 0:09Deploy / Every entity / One update, every country
  5. 0:1301 · The content / ONESOURCE content, maintained country by country.
  6. 0:15Belgium, China, IFRS…
  7. 0:18Singapore, South Africa, Thailand and more
  8. 0:2101 · The content / Local statements, notes and tags, ready built.
  9. 0:23The Belgian reports, in Dutch
  10. 0:27Local disclosure notes, pre-built
  11. 0:3001 · The content / New versions arrive as local rules change.
  12. 0:31[Update Available]
  13. 0:3502 · Your templates / Your own template for each country.
  14. 0:37Your own customised country template
  15. 0:41Each built on its country content
  16. 0:4402 · Your templates / One chart of accounts, mapped in each.
  17. 0:4675 accounts to assign
  18. 0:50All mapped, totals filled
  19. 0:53Belgium: the same account codes
  20. 0:57Mapped to the Belgian template categories
  21. 0:5902 · Your templates / Policies and standing wording live in the template.
  22. 1:01Set once, used by every entity
  23. 1:0703 · Translate / Work in English, whatever the local language.
  24. 1:09Belgian reports, in Dutch
  25. 1:13The same reports, in English
  26. 1:1603 · Translate / Switch off, and the accounts are in the local language.
  27. 1:17Balance sheet, in English
  28. 1:21Balans na winstverdeling, in Dutch
  29. 1:2503 · Translate / The same switch for China and Thailand.
  30. 1:27China: reports in Simplified Chinese
  31. 1:30One switch: English
  32. 1:33The Thai report, in Thai
  33. 1:37Translated into English
  34. 1:4003 · Translate / Dates, numbers and currency follow the country.
  35. 1:42Dutch (Belgium) and the euro
  36. 1:46Ireland: euros
  37. 1:4904 · Every entity / Change a template once. Publish.
  38. 1:55Publish
  39. 1:5704 · Every entity / Every entity on it is offered the update.
  40. 1:59[Update Available] on every entity
  41. 2:03Version 6 to version 7
  42. 2:07All on version 7
  43. 2:1004 · Every entity / The centre sees every entity, template and version.
  44. 2:11Ireland and Belgium, alongside the UK
  45. 2:17Each on its own template and version
  46. 2:2005 · Group and currency / Group accounts from the same trial balances.
  47. 2:22Group and company
  48. 2:26Consolidated statement of financial position
  49. 2:2905 · Group and currency / Local currency in, group currency out.
  50. 2:30Euro: average and closing rates
  51. 2:35Trial balance view, translated for your review
  52. 2:3805 · Group and currency / Tagged for each country's taxonomy.
  53. 2:39XBRL on
  54. 2:42Belgian figures, tagged
  55. 2:4506 · Phased rollout / Start with your key countries. Add the rest in phases.
  56. 2:50Start with the key countries
  57. 2:54Add the rest, at your own pace
  58. 2:56Value for your SSC / One centre of excellence. Every country. / One team runs statutory reporting for every country / One standard process, owned by your centre of excellence / Local content kept current, without local specialists / Review in English, report in the local language / Update once, roll out to every entity / Add countries at your own pace
  59. 3:04ONESOURCE 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.

More short videos

Three more to watch

3 min 40 sec Statutory accounts for every entity in your group 3 min 34 sec Ready for 2028: build once, file every company 4 min 22 sec Ready for 2028, ready to adopt IFRS 18
The whole library