The trial balance is final, and then you wait. Small teams often send the statements to an outside firm, and the draft comes back when their calendar allows. Meanwhile the CFO wants numbers, and someone rebuilds the cash flow by hand to get ahead.
What Flux Runs Each Period
- Trial balance mapped to statement lines. Your mapping, saved and reused, with any new accounts flagged.
- Draft balance sheet and income statement. In your layout, with comparatives, tied to the trial balance.
- Indirect cash flow statement. Built from balance sheet movements and checked against the change in cash.
- Tie-out sheet. Every statement line traced to the accounts behind it.
- Note figures rolled forward. Debt, leases, fixed assets and equity, with changed numbers highlighted.
- Flux analysis. Lines that moved more than your threshold against the prior period.
- Open-questions list. Anything the trial balance can't settle, like a balance that may be misclassified.
What Your Team Keeps
- Classification calls, like current versus long-term debt.
- Disclosure wording and what goes in the notes.
- Sign-off before anything goes to the board, a lender or the auditor.
- Whether your outside firm still reviews or compiles.
What We Need From You
| Item | Detail |
|---|---|
| Trial balance | Final, period end, plus the prior period for comparatives |
| Last issued statements | PDF or Word, so we match your format and framework |
| Account mapping | Your existing trial balance to statement mapping, if you have one |
| Supporting schedules | Debt, fixed asset and lease schedules you already keep |
| Equity activity | Any share issues, distributions or option exercises in the period |
| Time from you | About 30 minutes to send files, then 1 to 2 hours to review the draft |
What You Get Back
You get draft statements in your format, the tie-out sheet and the questions list. For the free run on a closed period, that arrives within one business day of complete files. Every number ties to the trial balance before anything is drafted. At a US$20M ARR consumer software company with a two-person finance team, draft statements were ready 2 days sooner.
What It Looks Like
Illustrative, with sample numbers, not a client engagement.
Cash falls from US$2.10M to US$1.84M over the quarter. Net income is US$210,000 and depreciation US$45,000. Receivables grew US$380,000, payables grew US$95,000, and capex was US$230,000. So operating cash is negative US$30,000, and with no financing activity, cash falls US$260,000. That ties to the balance sheet. The receivables jump goes on the flux analysis for your comment.
Common Questions
Does this replace our outside accountant?
Not if you need a review, compilation or audit. Your firm still does that work. You just stop waiting on them for the first draft.
Which accounting framework do you follow?
The one in your last issued statements, with the same presentation. If something looks out of line with that framework, it goes on the questions list.
Can you draft the notes too?
We roll forward the numbers in your existing notes and flag what changed. The wording stays with your team.