Software for preparation of Financial Statements

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CA Siddharth

Chartered Accountant

32 Points Posted on 14 September 2009

Hello friends,

I am looking for a software from which I can prepare the Financial Statements as per IFRS guidelines i.e. Profit & loss, Balance Sheet and Cash flow statements by just inputing the final auditted trial balance.

Usually we prepare financial statements with the help of Microsoft excel and word, but there is always a problem of non standardisation in formating and presentation.

So I would like u to please recommend any such software that I available in the market irrespective of the cost. Softwares that are used to prepare Financials as per Indian Accounting standards would also help.

Kindly send the URL of the company which provided such softwares.

Replies (3)

CA Siddharth

Chartered Accountant

32 Points Posted on 15 September 2009

I would be thankful for any suggestion of the above mentioned matter as am in urgent need of the software or much productive and not time consuming way of preparing financial statements using word and excel.

But since my firm works on a larger platform we are looking for software that can assit in the above standardisation.

Nikky

Chartered Accountant

715 Points Posted on 16 September 2009

Hey Boss there are very few people in india who knows IFRS properly

so i dont think yet the any such software would b prepared

CA Siddharth

Chartered Accountant

32 Points Posted on 16 September 2009

thanks nikki for the reply

i appreciate it, but in india also like PWC who are using asoftware for the same purpose.

this info i got from one of my friend who is working with them.

so there are many softwares that are available for the said purpoase even in UK softwares like sage are available but they are not very customisable..............

so am looking for something that can be customised as per the organisations need