Xero connects the ledger
Current balances flow into mapped, reusable report templates.
Statutory reporting for accounting firms
Prepare statutory financial statements in Xero.
Turn client data into a controlled statutory report—without rebuilding the file in Word or spreadsheets.
Entry Counts prepares reports, builds reusable Xero systems and adds white-label capacity behind your firm.
Specialist support behind your accounting firm.
500+Firms helped
400+Xero implementations
Australia-wideRemote support
The direct answer
Can Xero prepare statutory financial statements?
Yes—when the ledger, mapping, templates, disclosures and schedules are set up for the engagement.
Explore GPFR in Xero →The system controls the workflow
Templates, notes, schedules, queries and versions stay visible.
Professionals make the decisions
Xero does not choose the framework, accounting treatment, disclosures, approval or lodgement.
Xero is the platform—not the compliance conclusion. Entry Counts connects it to a structured preparation and review process.
Document register
What may sit inside the statutory report?
The exact pack depends on the entity and its reporting obligation.
Financial statementsOther components
Financial position
Assets, liabilities and equity.
Declaration
Directors’ or Responsible People’s declaration.
Performance
Profit or loss and other comprehensive income.
Required reports
Directors’ report or other statements.
Movements and cash
Changes in equity and cash flows.
Independent assurance
Auditor’s or reviewer’s report where required.
Notes and policies
Entity-specific disclosures and comparatives.
Supporting records
Schedules used in preparation and review.
Your firm and the entity confirm the reporting, assurance and lodgement requirements before preparation begins.
Entity guide
Who may need statutory reporting?
We support firms across several external-reporting settings.
Entity type alone does not determine the obligation. Legislation, regulator guidance, governing documents and circumstances must be assessed.
CompaniesPublic, large proprietary and foreign-controlled
Foreign entitiesRegistered foreign companies
Purpose-led entitiesCharities, NFPs and companies limited by guarantee
Regulated structuresSchemes, trusts and AFS licensees
ConstructionQBCC and construction-sector entities
Groups and stakeholdersConsolidations, lenders, shareholders and grant providers
The reporting route
One controlled file, five clear stages.
Responsibilities and decisions remain visible from review to finalisation.
Review
Confirm the entity, obligation, deadline and audit status.
Scope
Agree the work, inputs, roles, timing and fee.
Prepare
Map data and prepare statements, notes and schedules.
Firm review
Resolve gaps and approve decisions and adjustments.
Finalise
Update the agreed version and support audit if scoped.
Engagement selector
Prepare one report or improve the whole process.
CompareOutsourceBuild a systemCombine both
Best whenA deadline is close or capacity is limited.Reporting work repeats across clients.A report is due now and the process needs fixing.
We providePrepared statements, notes and controlled drafts.Templates, mapping, disclosure structures and controls.The first report plus a reusable workflow.
Your resultImmediate white-label capacityA repeatable Xero systemDelivery now, capability later
What we commonly need.
- Xero access and current and comparative trial balances
- Prior signed statements and final adjustments
- Entity structure, obligation and deadline
- Policies, judgements and supporting schedules
- Related-party, consolidation and audit details
What stays with your firm and the entity.
- Legal obligation and framework decisions
- Policies, estimates and management approvals
- Complete source information
- Final approval, signing and lodgement
- Independent audit or review opinion
Scope first. Then a fixed proposal.
We confirm deliverables, responsibilities, timing and fees after a short review.
EntityFrameworkData qualityDisclosuresGroup complexityDeadline
Book a free statutory review Frequently asked questions
Ask Donnie about your report →Quick answers about statutory reporting in Xero.
Can Xero generate statutory financial statements automatically?
It can populate customised reports, but the framework, accounting treatment, disclosures and statutory components still need professional review.
Can Entry Counts prepare AASB 1060 reports in Xero?
Yes. We support eligible Tier 2 statements, simplified disclosures, controlled drafts and agreed audit support. See AASB 1060 support →
Can the service remain white-label?
Yes. Communication, branding and file exchange can remain behind your firm.
Does Entry Counts audit the statements?
No. An appointed independent auditor or reviewer performs the assurance engagement.
Does Entry Counts lodge the report?
Not automatically. The entity, your firm or another authorised party completes lodgement.
Can our firm reuse the Xero setup next year?
Yes. Update the system for the entity, reporting period and current requirements.
Do you work Australia-wide?
Yes. Entry Counts supports accounting firms remotely across Australia.
Prepare without rebuilding
Book your free statutory review Turn this report into a better process.
Get one report prepared or build a Xero system your team can reuse.