How it works
From trial balance to governed IFRS report.
Five stages take your statutory ledger to a defensible IFRS reporting package. Every stage produces evidence and enforces separation of duties.
Ingest the trial balance
Map to IFRS
Post conversion adjustments
Close the period
Generate governed reports
Operating model
Defined inputs, controls and evidence at every stage.
At every stage you can drill from a reported figure back to the trial-balance line that produced it — the same trail your auditor will follow.
- 01
Ingest the trial balance
Import your statutory trial balance from spreadsheet or export. Verifrs validates that debits and credits balance and fingerprints the source so the starting point is fixed and reproducible.
Required control
Immutable source snapshot with an integrity hash.
Evidence produced
Source fingerprint, validation result and imported population record.
- 02
Map to IFRS
AI-assisted suggestions and deterministic chart-of-accounts presets for Algeria SCF, France PCG, SYSCOHADA, and GCC frameworks propose the IFRS classification. A preparer confirms every mapping.
Required control
Human-reviewed mapping; every account resolved before close.
Evidence produced
Approved IFRS destination, rationale, confidence and override history.
- 03
Post conversion adjustments
Standard engines compute the entries a transition requires — deferred tax, lease recognition, expected credit loss, first-time adoption — as reviewable journals rather than manual overrides.
Required control
Maker proposes, checker approves; nothing posts unreviewed.
Evidence produced
Journal calculation, methodology version, support and approval record.
- 04
Close the period
The adjusted ledger is reconciled and locked. Balances tie back to source, adjustments are accounted for, and the period is sealed against further change.
Required control
Locked period with a complete, dated adjustment history.
Evidence produced
Reconciliation results, blocker register and locked-period history.
- 05
Generate governed reports
Produce primary statements, notes, and disclosures with note-to-figure reconciliation, then export to PDF, XBRL, or iXBRL for distribution and filing.
Required control
Note-to-figure reconciliation and full source-to-report lineage.
Evidence produced
Statement-to-note links, disclosure evidence and sealed report payload.
Transparent product maturity
Professional judgement stays accountable.
Automation supports the workflow, but named people prepare, challenge and authorize the reporting result.
Preparer
Confirms mappings, prepares adjustments and attaches the evidence supporting each conclusion.
Reviewer
Challenges assumptions, returns incomplete work and approves only supported conclusions.
Authorized issuer
Confirms all close gates are satisfied before the package is released for external use.
At every stage you can drill from a reported figure back to the trial-balance line that produced it — the same trail your auditor will follow.
Make every IFRS number explainable.
Join the private design-partner programme to evaluate Verifrs with your reporting process and approved answer sets.