Prepare one GPFR
Best for an immediate engagement, compressed deadline or specialist reporting need.
GPFR preparation in Australia
Who provides GPFR preparation for accounting firms?
Entry Counts prepares general purpose financial reports for Australian accounting firms that need specialist capacity without sending the client elsewhere.
Your firm keeps the engagement and professional oversight. We provide the controlled preparation behind your team.
Specialist support behind your firm.
500+Firms helped
400+Xero implementations
Australia-wideRemote delivery
A practical fit
When outsourced GPFR preparation makes sense.
Use Entry Counts for one engagement, seasonal overflow or recurring support.
01
Your team prepares GPFR only occasionally.
02
Reporting deadlines exceed internal capacity.
03
Senior staff are rebuilding statements and notes manually.
04
The engagement has unfamiliar disclosures or group reporting.
05
An auditor needs a complete draft and supporting information.
06
Your firm wants the work delivered under its own brand.
One service, three uses
Choose support around the current workload.
Add white-label capacity
We work behind your firm while your team manages the client and professional decisions.
Build a repeatable workflow
Prepare the first report while improving Xero mapping, templates and review controls.
Preparation scope
What a GPFR engagement may include.
The exact work depends on the entity and agreed framework. Deliverables, exclusions, timing and fees are confirmed before preparation begins.
Before drafting
- Review prior reports and audit outcomes
- Confirm scope, responsibilities and deadline
- Check comparatives and schedules
- Record missing information
Prepare the report
- Primary statements and relevant notes
- Material accounting policies
- AASB 1060 disclosures where applicable
- Queries, tie-outs and controlled drafts
Review and finalise
- Apply approved adjustments
- Support agreed audit queries
- Prepare the final agreed version
- Deliver through your firm’s workflow
Need broader support? Explore financial reporting services for accounting firms.
Clear ownership
Who is responsible at each stage?
Defined roles reduce duplicated work, missed approvals and version confusion.
Entry CountsPrepares the report and supports agreed reporting queries.
Your accounting firmManages the engagement, reviews the draft and provides professional oversight.
Entity and managementApprove policies, estimates, adjustments, representations and the financial report.
Independent auditorPerforms the assurance engagement and issues the opinion or conclusion.
Authorised partySigns and submits required documents to the regulator.
Engagement types
Which entities can we support?
Entity type alone does not establish the obligation. The entity and advisers confirm the applicable requirements and framework.
See statutory reporting in Xero →CompaniesASIC reporting obligations
Charities and NFPsExternal reporting requirements
AFS licenseesRegulated reporting
Foreign-controlled entitiesAustralian reporting needs
GroupsConsolidated statements
Construction and stakeholdersLicence, lender or grant reporting
AASB 1060
Does it cover every accounting requirement?
No. It simplifies presentation and disclosure.
Recognition and measurement usually come from other Australian Accounting Standards. Revenue, leases, impairment, tax, provisions, related parties and consolidation may still need attention. Explore AASB 1060 support →
A controlled process
From scope review to final report.
Five clear stages keep information, decisions and approvals visible.
Review
Confirm the entity, reporting reason, framework, deadline and audit status.
Scope
Agree deliverables, responsibilities, required information, timing and fee.
Prepare
Use the supplied data and schedules to prepare statements, notes and the draft.
Resolve
Your firm and the entity answer queries and approve decisions and adjustments.
Finalise
Support agreed audit queries and produce the final preparation version.
Starting pack
What information is commonly needed?
Missing items are documented so your firm can manage client follow-up.
- Entity details, reporting reason and deadline
- Current and comparative trial balances
- Prior signed report and audit report
- Final prior-year audit adjustments
- Accounting policies and key judgements
- Reconciliations and supporting schedules
- Group, related-party and event information
- Auditor details and Xero access
GPFR in Xero
Yes, where the file and engagement are suitable.
Xero can connect live accounting data with reusable templates, comparatives and review workflows.
See the GPFR in Xero system →The boundary
Xero is the platform—not the compliance conclusion.
It does not determine the framework, correct unsupported accounting treatments or select every entity-specific disclosure.
Timing and pricing
Scope first. Then a clear proposal.
Timing and fees depend on data readiness, prior reporting, disclosures, group structure, technical issues, audit support and deadline.
Book a free reporting reviewFrequently asked questions
Quick answers about GPFR preparation.
Have an upcoming engagement?
Ask Donnie about the report →What is GPFR preparation?
It is preparing general purpose financial statements, relevant disclosures and associated report components under the applicable Australian framework.
What is the difference between GPFR and GPFS?
GPFS means the financial statements. GPFR may also include declarations, directors’ reports and the independent auditor’s report.
Can the service remain white-label?
Yes. We can work behind your firm under agreed branding, confidentiality and responsibility arrangements.
Does Entry Counts determine whether GPFR is legally required?
No. The entity and advisers remain responsible for the legal obligation and framework decision.
Does Entry Counts audit the GPFR?
No. The appointed independent auditor or reviewer performs the assurance engagement.
Does Entry Counts lodge the report?
Not automatically. An authorised party approves, signs and lodges the required documents.
Can you help convert a previous SPFR?
Yes. The work may involve disclosures, comparatives and recognition or measurement issues. See SPFR conversion support →
Keep the engagement inside your firm
Book your free GPFR preparation call Add specialist preparation capacity.
Define the scope, prepare the report and move through review without referring the client away.