Confirm the framework
Start with the correct reporting basis, complete data, comparatives and schedules.
GPFR in Xero for accounting firms
Turn Xero into a controlled GPFR reporting system.
Have one GPFR prepared—or build a repeatable workflow for your firm. Entry Counts connects the ledger, mapping, statements, disclosures and review process.
400+ Xero implementations500+ accounting firms helpedSince 2017Australia-wide support
The direct answerYES
Can you prepare a GPFR in Xero?
Yes—when Xero is used as the reporting platform, not the compliance conclusion.
Configure the system
Set up mapping, statements, policies, disclosures and review controls.
Apply professional review
Resolve accounting issues, approve adjustments and check entity-specific disclosures.
Choose the practical path
One report now—or a system for recurring work.
We can recommend the best fit after reviewing your volume, capability and upcoming engagements.
We prepare the GPFR
White-label support when your team lacks time, templates or specialist capacity.
- Work from the client’s Xero data
- Prepare statements and disclosures
- Manage queries and controlled drafts
- Provide agreed audit support
We build the Xero system
A repeatable workflow for firms with recurring GPFR work.
- Practice-level report templates
- Report-code mapping and groups
- Disclosure and review controls
- Team guidance and handover
System architecture
Four layers create a repeatable GPFR workflow.
The system provides a controlled starting point while preserving judgement for each entity.
Data layerXero ledger, trial balance, comparatives and supporting schedules
Logic layerReport codes, groups, formulas, mapping and presentation rules
Report layerPrimary statements, accounting policies and relevant disclosures
Control layerReview checklists, version management, finalisation and recurring-period procedures
Why templates are not enough
Common gaps a controlled system should catch.
Entry Counts helps move your firm from “Xero can produce reports” to a defined GPFR process.
Read the AASB 1060 technical guide →Incorrect mappingAccounts assigned to the wrong report codes.
Unresolved dataSuspense items or uncoded transactions remain.
Comparative errorsPrior adjustments or periods are presented incorrectly.
Disclosure gapsNotes or accounting policies are incomplete.
Control gapsReview changes lack version control.
Template overuseEntity changes are not considered each period.
Clarify the output
GPFS and GPFR are related—not identical.
The agreed scope confirms what we prepare, what your firm completes and what the auditor issues.
GPFS
Financial statements and notes
Financial position, performance, equity, cash flows, notes and material accounting policies.
GPFR
The broader financial report
GPFS plus declarations, directors’ reports and other required statutory components.
Assurance
Independent report
The appointed auditor or reviewer performs the assurance engagement and issues the opinion.
Implementation route
From Xero review to controlled output.
The same four phases adapt to a single report or reusable practice system.
Review
Confirm the entity, framework, deadline, prior report and desired outcome.
Design
Choose the service, assess the Xero file and agree responsibilities.
Build or prepare
Configure mapping and templates or prepare the controlled draft.
Review and hand over
Resolve queries, approve changes and deliver the report or system.
What we may need.
- Xero access and trial balances
- Prior reports and adjustments
- Entity structure, framework and deadline
- Policies, schedules and key judgements
- Audit timetable and firm branding
What remains outside our automatic scope.
- Legal-obligation decisions
- Management representations
- Valuation, legal or tax opinions
- Independent audit opinions
- Approval, signing and lodgement
Timing and pricing
Scope first. Then a clear plan and fee.
After reviewing the file and desired outcome, we confirm responsibilities, deliverables, timing and pricing.
Book a free GPFR reviewFrequently asked questions
Quick answers about GPFR in Xero.
Still choosing between one report and a complete system?
Ask Donnie about your Xero file →Can Xero generate a GPFR automatically?
Xero can populate reports, but it does not determine the framework, resolve accounting issues or ensure every disclosure is complete.
Does Xero include GPFR templates?
Xero provides templates that accounting partners can customise. Each still needs assessment against the entity and applicable requirements.
Can Entry Counts prepare the report in our Xero environment?
Where access and file conditions are suitable, we can work through an agreed Xero-based workflow.
Can you build a GPFR template for our whole practice?
Yes. We can establish a practice-level structure. Each client still requires entity-specific customisation.
Is GPFR in Xero suitable for AASB 1060 reporting?
Yes, for an eligible entity when the statements, disclosures and processes address the applicable requirements.
Can the system be reused next year?
Yes. It remains a starting point that must be updated for the entity, transactions and current requirements.
Can the service remain white-label?
Yes. Communication and delivery can remain behind your accounting firm under the agreed arrangement.
One report or a repeatable system
Book your free GPFR review Make Xero part of the reporting process.
Choose the practical next step while your firm keeps the client relationship.