AFS Studio
Statutory annual financial statements, from trial balance to signed-off PDF, across six jurisdictions.
Preparing statutory financial statements is time-consuming and high-stakes. AFS Studio guides accountants and finance teams from importing the trial balance to a reviewed, signed-off and branded PDF. The correct reporting framework is applied automatically for the client's country, firm-wide policy and note libraries keep work consistent, and every submission, review and approval is recorded in a clear audit trail.
What it does
Key features
The capabilities that matter — and the reason they were built this way.
Six Jurisdictions, Right Framework
South Africa (IFRS for SMEs), UK (FRS 102), Australia, New Zealand, Singapore and Bermuda, with the default framework applied automatically and overridable per engagement.
Clients & Yearly Engagements
Capture a client once, with jurisdiction, year-end and registration details, then open a new engagement each year that moves from Draft to In progress, Review and Final.
Trial Balance Import & Mapping
Import the trial balance by CSV with current and prior-year balances, and map accounts to financial statement line items, with comparatives carried through.
Policy & Note Libraries
Reusable accounting policies and disclosure note templates held at firm level, covering companies, trusts, non-profits and sectional title schemes, so every set starts from approved wording.
Review & Sign-Off
Reviewer comments, report and opinion text, submission, approval and finalisation, each step recorded with who did it and when.
Branded PDF Export
Produce the complete pack (cover, directors' report, statements and notes) as a professional firm-branded PDF, ready for clients, regulators or auditors.
Who it's for
Sole practitioners and small to medium accounting firms doing compilation or independent review engagements, and in-house teams producing statutory AFS for group reporting.
Why it's built this way
Many practices still build annual financial statements in a word processor linked to spreadsheets, rolling last year's file forward and hoping nothing breaks. Framework wording drifts between clients, comparatives get pasted by hand, and review happens by email. AFS Studio was built by a CA(SA) to put structure around that process: the framework follows the jurisdiction, policies and notes come from one firm-approved library, and a clear status workflow means no set can be finalised without a recorded review and sign-off.
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