IFRS reconciliation from any system
Generate an IFRS reconciliation report in minutes
Generate an IFRS reconciliation report in minutes. Import accounting data to review IFRS 15, IAS 1, IFRS 9, IAS 16 and other compliance checks, reconcile balances, and export audit-ready IFRS reports.
Review compliance gaps, reconcile reporting differences, and generate export-ready IFRS reporting from imported financial data—without spreadsheet cleanup.
IFRS reconciliation, compliance review, and reporting
Import accounting data to review IFRS 15, IAS 1, IFRS 9, IAS 16 and other compliance checks, reconcile reporting differences, and export audit-ready IFRS reports—without spreadsheet cleanup.
Who it is for
CFOs, controllers, accounting teams, and audit prep workflows that need faster IFRS review, clearer reconciliations, and stakeholder-ready reporting.
How it works
Upload or connect financial data, review compliance and reconciliation issues in one workflow, then generate export-ready IFRS reporting for close, audit support, and investor or board discussions.
Frequently asked questions
What is an IFRS reconciliation report?
An IFRS reconciliation report helps finance teams compare financial data, reporting classifications, and compliance requirements against IFRS standards so issues can be reviewed, documented, and resolved faster.
What’s the difference between IFRS reconciliation and IFRS compliance?
IFRS compliance is the broader goal of meeting the required accounting standards. IFRS reconciliation is the practical reporting and review process that helps you identify differences, confirm classifications, and support compliance with evidence.
How do you review revenue recognition under IFRS 15?
Start by reviewing contracts, performance obligations, transaction price, timing of recognition, and any variable consideration. A good IFRS reconciliation workflow makes those reviews easier to organize, document, and explain.
What should an IFRS reconciliation report include?
It should include compliance status by standard, reconciliation summaries, priority issues, supporting notes, and the underlying figures or categories being reviewed.
How often should IFRS reconciliations be reviewed?
At minimum, during regular close and reporting cycles. Many teams also review before audits, investor reporting, board preparation, or when major accounting changes occur.
What are common IFRS compliance red flags?
Manual work papers that do not reconcile, inconsistent classifications, weak documentation, unresolved revenue timing questions, incomplete disclosures, and issues that recur every close cycle.
How do IFRS and GAAP reconciliations differ?
They often differ in revenue recognition, disclosures, presentation, and judgment areas. Teams comparing IFRS and GAAP need a clear workflow to explain where the standards align and where treatment diverges.
What is the difference between IFRS 15 and ASC 606?
They are closely related revenue-recognition frameworks, but differences can appear in interpretation, disclosures, and some practical applications. For companies dealing with dual reporting or cross-border stakeholders, that comparison matters.
Can this help with IFRS 15, IAS 1, IFRS 9, and IAS 16 reviews?
Yes. The report can help organize and review issues across revenue recognition, financial statement presentation, financial instruments, and depreciation-related reporting.
Can this work with QuickBooks, CSV, and XLSX?
Yes. Import structured financial data from supported sources or upload CSV and XLSX exports to build your report faster.
How does this help with audit readiness?
It helps finance teams centralize review outputs, document issues, organize reconciliation summaries, and reduce the amount of manual cleanup required before audit discussions.
How does this help with investor and board reporting?
A cleaner IFRS reconciliation workflow makes it easier to explain revenue recognition, reporting adjustments, and compliance issues with more confidence and less last-minute rework.
Can spreadsheets handle IFRS reconciliation?
They can, but they create version-control risk, manual review overhead, and fragile work papers. Software helps centralize review and repeat the process more consistently.
What documentation should support IFRS reconciliation?
Contracts, supporting schedules, work papers, notes on adjustments, compliance checklists, reconciliation summaries, and clear explanations for any unresolved or judgment-based issues.
How do you prioritize IFRS issues by severity?
Separate issues into high-, medium-, and low-priority groups based on reporting impact, audit exposure, disclosure risk, and how urgently the team needs to address them.
How does software reduce manual IFRS reconciliation work?
It gives teams a more repeatable workflow for importing data, reviewing differences, documenting issues, and generating cleaner reporting without rebuilding the same process in spreadsheets every cycle.
What you get
- QuickBooks, CSV, or XLSX import
- IFRS compliance and reconciliation review
- Export-ready IFRS reporting
- 3-day free trial
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