What to include
- P&L with month, year-to-date, prior period and budget.
- Balance sheet with key reconciliations behind it.
- Cash flow and cash position.
- GST-related balances reconciled.
- KPIs the directors use, such as gross margin or debtor days.
- A short commentary on significant movements.
Keep them close to SFRS
Use the same accounting policies as the annual SFRS financial statements (or SFRS for Small Entities where the company qualifies) for accruals, depreciation and revenue, so the year-end needs adjustments, not a rebuild.
General information only, not legal, tax, audit or professional-conduct advice. Rules, standards and software features change, so confirm the position that applies to your firm before you act. See our disclaimer.
