Close statutory reporting with clean statements, defensible disclosures, and reviewer-ready support without the last-minute scramble.
Let AI Agent run your statutory reporting
Prepare GAAP Statements
Generate GAAP financial statements for last year's closed period for the selected client in QuickBooks Online. Build the balance sheet, income statement, statement of stockholders' equity, and statement of cash flows. Start from the locked general ledger and the post-close trial balance, never from a reopened book. Apply the firm's GAAP mapping and the recurring presentation adjustments documented the prior year. If an account has no mapping or a balance moves vs the prior year by more than the firm's materiality threshold without explanation, do not include it in the statement, flag for review. Ask me for the firm's annual materiality threshold and where the GAAP mapping library lives. Pause before signing off on statement output. Send a Slack digest with generated statements, exceptions, and a prior-year comparison.
Draft Financial Notes
Draft the notes to the financial statements for last year's closed period for the selected client in NetSuite. Pull the prior-year notes as reference, retain notes that remain valid, and propose drafts for those that change: significant accounting policies, revenue recognition (ASC 606), leases (ASC 842), inventory valuation, fixed asset useful lives, related-party transactions, subsequent events, contingent liabilities, going concern. Apply the firm's GAAP policy. If a note has no precedent for this client, do not finalize, ask me for the prior-year text or a comparable note from another client. Ask me which client requires partner sign-off on every note revision and where the note library lives. Pause before signing the notes, sign-off commits the client. Send a Slack digest with drafted notes ready for review, notes pending text, and precedents consulted.
Map IFRS Disclosures
Map IFRS disclosures for last year's closed period for cross-border subsidiaries of the selected client in Sage Intacct. For each foreign subsidiary on the IFRS reporting framework, prepare the equivalent disclosures alongside the US GAAP statements: revenue (IFRS 15), leases (IFRS 16), financial instruments (IFRS 9), impairment, deferred tax, and segment reporting if applicable. Reconcile each IFRS line back to the US GAAP figure with the variance documented. If a US GAAP / IFRS difference falls into an accounting policy gray area, do not finalize, flag for the external reviewer. Ask me which subsidiaries the client reports under IFRS and the firm's standard for documenting GAAP-IFRS reconciliations. Send a Slack digest with mapped disclosures, policy gaps, and reconciliation memos pending.
Assemble Audit Packet
Assemble the audit-ready reporting packet for last year's closed period for the selected client in Xero. Build the bundle: signed statements, complete notes, accounting policy memos, related-party disclosures, contingent-liability schedule, going-concern memo if required, segment reporting, and the trial balance tying back to the statements. Confirm every figure ties to the locked GL, every note has a documented author and effective date, and every accounting policy references the relevant ASC section or IFRS standard. If a tie-out variance crosses the firm's threshold or a memo is missing, do not finalize, list it as an open item. Ask me where the auditor expects packet delivery and the firm's deadline for client sign-off. Pause and wait for explicit reviewer approval before delivery, the packet is the basis for the external opinion. Save the bundle to Google Drive and send a Slack digest with packet status, open tie-outs, and pending memos.
Up to 80% Lower Cost to Serve
Statutory reporting concentrates repeat work for every client: statement generation, notes drafting, policy-memo updates, packet assembly. Moving the repeat layers into supervised agent runs drives Minded's up to 80% lower cost to serve.
SEC 10-K and 10-Q Mechanics for SEC-Registered Clients
For SEC-registered clients, statutory reporting maps to the 10-K and 10-Q. The agent stages the bundle in EDGAR XBRL, ties every figure to the locked GL, threads the same control narrative through MD&A, and prepares Sarbanes-Oxley 302 and 906 certifications.
AICPA SSAE-21 and FASB ASC Compliance Reports
For non-public clients, the comparable surface is AICPA SSAE-21 attestation plus FASB ASC compliance (ASC 606, 842, 820). Each policy memo carries the ASC section; each disclosure cites the AICPA practice aid. See year-end close, accruals, and consolidation.
How does Minded support statutory financial reporting across many client books?
Minded pulls the locked GL, trial balance, and prior-year workpapers into one reporting flow across QuickBooks Online, Xero, NetSuite, Sage Intacct, and Zoho. It drafts statements, drafts notes, and flags missing support.
Can Minded draft notes to financial statements for CPA review?
Yes. Minded drafts notes from mapped accounts, debt schedules, lease details, and prior disclosures. Output is designed for controller review before external CPA, with source links and issue flags where judgment is needed.
How are footnote disclosures handled for cross-border subsidiaries?
Minded compares local reporting packs, consolidation mappings, and prior disclosures to identify disclosures requiring IFRS-equivalent treatment, helping controllers organize differences before the package is finalized.
Does Minded help with AICPA, FASB, and ASC compliance reports?
Minded organizes outputs around GAAP presentation, FASB guidance, ASC references, and firm review checklists. It surfaces gaps, inconsistencies, and unsupported balances. Final conclusions remain with the firm and external CPA.
Can Minded assemble audit ready financial statements from accounting platforms?
Yes. Minded collects statements, notes, lead schedules, and support files into an audit-ready packet, routing exceptions in Slack and storing packets in Google Drive.