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Financial statement templates for microsoft excel trial#The amounts that are included on the financial statements are automatically updated based on the classes specified on this sheet.įinInfo - this sheet contains financial statement information which is incorporated in the financial statements but not derived from the trial balance. ![]() ![]() Financial statement templates for microsoft excel code#TB - a complete trial balance for each annual period should be included on this sheet and each account in the trial balance should be linked to the appropriate financial statement reporting class by entering or copying the class code into column B. The class descriptions included on this sheet are displayed on the financial statements and the sheet also includes error checking in the columns with light blue column headings which highlights errors in the linking of the reporting classes. The reporting year that is specified determines which annual periods will be included in the current and comparative periods on the financial statements.Ĭlasses - this sheet contains all the pre-defined financial statement reporting classes which should be used to link the accounts on the trial balance to the calculations on the financial statements. Setup - enter your business name, add a currency symbol and specify the financial year-end month and the reporting year. The template includes the following sheets: Note: This template has been designed for companies - we also provide separate versions of the template for sole practitioners, trusts, non-profit organizations and closed corporations. The user therefore remains solely responsible for ensuring the accuracy and completeness of financial statement disclosure. The template also facilitates including financial information which is not derived from a trial balance and can easily be rolled forward or back by simply changing the reporting year in a single input cell.ĭisclaimer: The aim of this template is to assist users in compiling a standard set of annual financial statements and we can therefore not guarantee that all the annual financial statement disclosures which are required for the particular business will be accommodated in the template design. The financial statements are compiled by linking each account in the trial balance to a pre-defined financial statement reporting class and all the amounts on the financial statements are automatically calculated based on the linked reporting classes. This template enables users to compile comprehensive company financial statements in accordance with International Financial Reporting Standards for Small & Medium Enterprises (IFRS for SME's) based on any trial balance regardless of the account structure. ![]()
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