Draft IFRS financial statements from a trial balance

How it works

Three steps, the same for one company or a group.

1. 1

   Upload

   Drop in the current and prior-year trial balances (.xlsx or .csv). For a group, add each subsidiary's in its own currency. Optional: the year before, for a full comparative cash flow.

   Where your figures go

   Files are read in your browser. Figures reach Hayatiq's servers only when you save, export, or use the optional assistant. The assistant is off until you allow it on an engagement. It then reads account names and codes, your answers, and each note with its figures, to suggest mappings and draft paragraphs. Every figure in a paragraph must match the engine's figures or your own entries, or the paragraph is refused. Where reading last year's statements is offered, they are sent only if you choose to have them read.

2. 2

   Map

   Keyword rules, and the optional assistant if you allow it, suggest a statement line for every account, each with its source and confidence. Suggestions are applied as marked assumptions, so the draft opens right away. Change what differs and keep the rest.

3. 3

   Review and export

   The engine builds the statements (consolidated beside the parent's own for a group), checks every tie-out, runs the disclosure checklist and, if you allow the assistant, drafts the notes' wording around the engine's figures. Export Word, Excel or PDF, with the open items and the schedule of assumptions alongside.

The real app, on a demo company you can open

Every screenshot below is the running app on Northline Goods, the invented demo company anyone can open from the start screen — captured by a script, in the light and the dark scheme, nothing staged or mocked.

Why not a spreadsheet and a Word template?

Because the numbers, the notes and the checklist are built from one source and checked against each other.

It ties out, or it tells you why

Each statement foots and cross-casts, the balance sheet balances, equity rolls forward and the cash flow reconciles. A break is shown, never hidden.

Notes can't drift from the statements

Every figure in a note comes from the engine. A drafted paragraph that contains a number the engine doesn't hold is refused.

Disclosures checked, not remembered

A versioned checklist for the framework and period lists what is missing and the question that answers it.

Built for a client book

This year's mapping carries into next year: start next year from the saved engagement, or download the mapping as a template file and attach it next year. Colleagues work with you from the Members screen: 3 users on Practice, 5 on Practice Plus, 10 on Partner.

No implementation project: upload a trial balance and the first draft opens in the same session.

What it drafts today

One workflow, whichever framework, group or country the draft is for.

IFRS for SMEs or full IFRS

IFRS for SMEs (2015 edition, or the 2025 third edition where the period allows it) or full IFRS, with IAS 1 or IFRS 18 presentation. Each framework brings its own disclosure checklist, versioned to the reporting period.

Consolidated statements for a group

Consolidate a parent and its subsidiaries: intra-group balances proposed for elimination, foreign subsidiaries translated, goodwill and non-controlling interests worked out, with the consolidated statements beside the parent's own.

Pick the company's country

The company's country sets the rules: Saudi Arabia and the United Arab Emirates have local items modelled; every other country gets the framework's own items. US GAAP is not supported. See the country rules below. Country rules

Notes drafted from the engine's figures, exported as DOCX, XLSX or PDF

The draft set (cover, contents, the statements and the notes) as one Word document, one workbook or one PDF; every file carries the draft-for-review statement.

Not in this release

Associates and joint ventures (no equity method), hedge accounting, share-based payment disclosures, discontinued operations and assets held for sale, earnings per share and segments, hyperinflation, agriculture, extractives, insurance contracts, service concessions and interim reports. US GAAP, FRS 102 and FRS 105.

Country rules: Saudi Arabia, the UAE and IFRS everywhere else

The country sets the rules

Choose the company's country when you start. It sets the framework pack, the tax line, the owners' wording in the notes and any local items.

Saudi Arabia, for example

The SOCPA overlay on IFRS for SMEs, versioned to the reporting period; Zakat in the tax line, with the provision movement and assessment status; and end-of-service benefits, with the obligation roll-forward and the basis used, from the figures you provide. Open the Saudi demo company

The United Arab Emirates

Amounts in AED by default; income tax as the tax line, named UAE corporate tax in the notes (the 9 per cent rate is proposed for you to confirm, and once you keep it the tax reconciliation shows the AED 375,000 nil band as its own row; Small Business Relief is asked and checked against the revenue; a free-zone company's 0 per cent is not modelled); the end-of-service gratuity, with the obligation roll-forward and the basis used, from the figures you provide; and a limited liability company's statutory reserve transfer, proposed from the books for you to confirm. Nothing else local is modelled. Open the UAE demo company

Everywhere else, including the US and UK

IFRS or IFRS for SMEs drafts with the framework's own items and income tax as the tax line. US GAAP, FRS 102 and FRS 105 are not supported.