Financial Reporting
Workpapers that stay with the business
Until now the accountant held the workpapers, and that tied the business to the accountant. InstillCore generates them from the registers it already keeps.
What a workpaper holds
- The schedule that proves the balance: prepayments, finance liabilities, GST, bank, debtors and creditors ageing, fixed assets.
- The balance agreed, by whom, and when, and whether the ledger has moved since.
- A conclusion in words, and how strongly the balance is proved.
- Evidence bound in: the statement, the lodged return, the invoice.
- Opening, movement, closing, so the second year costs a fraction of the first.
Add the pack screenshot and one short paragraph on the printed pack.