What Can One-Click Financial Statements Software Do?
When annual reporting is at stake, AI Account generates financial statements in one click, straight from the books. This page explains what is included, why Singapore reporting requirements matter, and how the software prepares statements from posted transactions.
What One-Click Statement Generation Covers
The generated set draws on live ledger data rather than a separate workbook:
- Balance Sheet and Profit & Loss, presented by function or by nature, with Account Grouping for group presentation
- Cash flow statement from Financing and Borrowings and Investments classifications, plus retained earnings and prior-year balance sheets
- Fixed asset note from Fixed Asset Automation, which posts depreciation
- Financial Performance Summary with gross and net profit margins and liquidity ratios, plus Export to Excel (For FS)
Why FRS-Compliant Statements Matter in Singapore
Singapore companies prepare annual financial statements under prescribed accounting standards, including FRS 1 Presentation of Financial Statements. The Accounting and Corporate Regulatory Authority (ACRA) says directors must present financial statements that comply with prescribed accounting standards and give a true and fair view, and ACRA reviews selected lodged financial statements for compliance. This makes accurate, consistent statement preparation important for owners and finance leads.
One Click from Posted Transactions
A single click generates financial statements from posted transactions, with no compiling or re-keying. AI Account's financial statements software produces statements that comply with FRS, provided your ledger accounts are classified correctly. The fixed asset note is generated automatically; other notes and disclosures required by FRS remain the responsibility of the company or its adviser to prepare and confirm. The same engine powers the wider reports and statements your team uses every day. Our consultants can walk your team through ledger classifications in a demo, and the 30-day free trial lets you test the full workflow.
Balance Sheet, Profit & Loss and Account Grouping
The Balance Sheet and Profit & Loss form the core of the set. Choose whether the Profit & Loss is presented by function or by nature, and use Account Grouping for group presentation.
Retained earnings draw from the period you choose, while prior-year balance sheets provide comparison for consolidation and year-end reporting.
What the One-Click Statement Set Includes
| Statement component | How AI Account prepares it |
|---|---|
| Balance Sheet | Compiled in one click from posted transactions, with prior-year balance sheets for comparison |
| Profit & Loss | Presented by function or by nature, with Account Grouping for group presentation |
| Cash flow statement | Accounts ticked as Financing and Borrowings or Investments flow into Financing and Investing activities |
| Fixed asset note | Depreciation posted automatically through Fixed Asset Automation |
| Financial Performance Summary | Gross and net profit margin plus liquidity ratios from your figures |
| Excel working file | Export to Excel (For FS) for review outside the system |
Cash Flow Statement and Fixed Asset Note
For the cash flow statement:
- Accounts ticked as Financing and Borrowings feed Financing activities.
- Accounts ticked as Investments feed Investing activities.
Fixed Asset Automation posts depreciation and produces the fixed asset note.
Financial Performance Summary and Excel Export
The Financial Performance Summary provides gross profit margin, net profit margin and liquidity ratios from your figures.
Export to Excel (For FS) lets you export the financial statements for work in Excel.
Try One-Click Statements Free for 30 Days
Start a 30-day free trial to generate financial statements from posted transactions with financial statements software. Then review pricing to select the plan that fits your team.
Your Statements, One Click Away
Generate financial statements from posted transactions in one click. Start a 30-day free trial and review pricing for your team.
