OkEY Generator for e Financial Statements

Haven`t you got an e-Financial Statement yet?

Create your Financial Statements in three simple steps. The Standard Package is available starting at PLN 5000.

What is the tool about?

The tool is a Generator of e-Financial Statements in .xml format. Our tool is an answer to the legislative requirements set out by the Ministry of Finance. It has been designed by a team of experienced finance and accounting experts in cooperation with a team of developers.

Our offer

Standard

• Preparation of a financial statement in the .xml format  
• Access to electronic statements with a capability of data presentation in PDF, MS Excel or Word formats                                      
• Visualization of financial data in the tool             
• Preview of signatures on the e-Financial Statement
• Possibility of working in several versions of the electronic statement at the same time with full edition history                        
• Technical validation of data in the .xml logical structure

Premium

As a Premium offer, we present a standard suite extended by the following functionalities:

• A form simplifying internal consistency of numerical data verification
• EYeSign application which simplifies electronic signatures
• Possibility of configuration based on individual needs    
• On-premise installation

EY individual service

As an EY service, we offer a comprehensive preparation of e-Financial Statement in .xml format together with EY experienced consultants to support with sending the statement to the appropriate registry

How does the Generator work?

okEY Generator creates comprehensive e-Financial Statements (including the introduction to the financial statements, the statement of financial position, the statement of profit or loss and other comprehensive income, the statement of changes in equity, the statement of cash flows and notes and the tax income statement according with the obligatory format specified by the regulator). To create e-Financial statements, a data entry form should be filed out – taking into consideration our clients’ preferences, we offer a form in two options: in one or four entry forms (separated into main e-Financial Statement elements).

Schemes generated by okEY Generator

• The tool can generate schemes for the following types of entities as defined in the Polish Accounting Act:
• Other entity
• Other consolidated entity
• Small entity as indicated in the Attachment 1 and Attachment 5 of the Accounting Act
• Insurance company
• Consolidated insurance company
• As a part of an individual offer, it is possible to prepare e-Financial Statements in the .xml format for other logical structures published by the Ministry of Finance.

What makes us different?

• Ongoing updates of the tool in compliance with the Ministry of Finance requirements (including the update of logical structures published on the Ministry of Finance website and the content to provide consistency with the Accounting Act)
• Data import through batch files in MS Excel format or by direct input in the tool
• SaaS and on-premise version of the tool
• Preparation of e-Financial Statements in the .xml format and additionally accessible as PDF, MS Excel and Word which are useful for archiving
• Document repository – the possibility of versioning and archiving of financial statements together with additional documentation
• Preview of electronic signatures on the e-Financial Statement
• Possibility of read-out electronic statements
• Intuitive interface reflecting the process of preparing a financial statement

What are the requirements concerning the format of e-Financial Statements?

Pursuant to Article 45 of the Accountancy Act, since 1 October 2018 companies have been obliged to submit their financial statements in an appropriate format and with an appropriate extension, i.e. in accordance with the logical structures (.xml) published by the Ministry of Finance.