Use Case · Legal & Tax
Automated
Year-End Accounts
Account reconciliation, closing entries, fixed asset schedule, notes and electronic filing, automatically prepared, validated and documented. Year-end accounts go from a weeks-long marathon to a structured process.
Why Year-End Accounts Are a Lever
Every year the same marathon, and every year the same chaos
Year-end accounts are the most labour-intensive recurring process in any practice and finance department.
For a mid-market client, expect 15-25 hours of pure closing work: reconciling accounts, calculating provisions, computing depreciation, preparing the fixed asset schedule, drafting the notes, filing electronically.
The problem: 80% of this work is mechanical. Account reconciliations follow the same rules as last year. Depreciation is calculated using fixed formulae. The fixed asset schedule is a roll-forward. Yet every step is performed manually, in spreadsheets, in accounting software, in separate checklists.
At 150-300 year-end accounts per practice, that amounts to 2,250-7,500 hours per year for a process that is identical for 80% of clients. On top of that, during the accounts season (January to June) the best people work 60-hour weeks. Not because the cases are complex, but because the data handling consumes so much time.
How the Process Changes
Before / After
per year-end accounts (mid-market client, UK GAAP)
The Solution in Detail
How We Automate Year-End Accounts
01
Automatic Account Reconciliation
The AI agent reconciles all accounts automatically: bank balances against statements, debtors against aged debtor reports, creditors against supplier statement confirmations, intercompany accounts against counter-entries. Differences are identified, classified and presented to the preparer with a specific resolution proposal.
Automatic matching against bank data, aged listings, intercompany confirmations. Variance analysis with thresholds. Automatic generation of balance confirmation requests.
02
Closing Entries & Valuations
Depreciation (straight-line, reducing balance, accelerated) is automatically calculated and posted. Provisions are raised based on defined rules. Prepayments and accruals are identified. Valuation adjustments (currency, impairment) are proposed.
Rule-based calculation per UK GAAP/IFRS. Fixed asset schedule automatically rolled forward. Client-specific valuation rules configurable.
03
Notes & Reporting Pack
The notes are automatically pre-generated: standard text per Companies Act requirements, current figures from the accounts inserted, prior year comparatives added, accounting policies documented. The adviser only adapts and adds client-specific matters.
Template system with standard text per entity type and size. Automatic figure population. Prior year comparison. Management report outline generation (optional).
04
iXBRL Tagging & Filing
The balance sheet and P&L data are automatically tagged to the iXBRL taxonomy. Validation check before filing. Automatic submission to Companies House and HMRC after sign-off. Complete documentation for audit trail.
iXBRL taxonomy (UK). Automatic mapping from chart of accounts to iXBRL tags. Validation against filing rules. Fully compliant archiving of all year-end working papers.
Results
What Year-End Accounts Automation Typically Delivers
-70%
per client
0
reconciliations
0
iXBRL
<6 Mo.
& software integration
The greatest lever is not the time saved alone but the relief during the accounts season. No more 60-hour weeks between January and June.
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Ready?
How many sets of year-end accounts does your practice prepare per year?
Let us calculate in 30 minutes how many hours of account reconciliation, closing entries and iXBRL tagging you can automate, and what your next accounts season could look like without overtime.
No sales pitch. Just an honest assessment.
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