Financial reporting software your practice runs alongside the close every period.
Let AI Agent run your management reporting
Build P&L pack
"Build last period's management accounts P&L pack for this client in Xero. Pull revenue, cost of sales, operating expenses and the period's contribution to operating profit. Group entries to the client's agreed reporting line structure, not the underlying nominal. Include prior period, year-to-date and budget columns alongside the period view. If a reporting line has shifted materially since last period, ask me whether to keep the current grouping or to recategorise. Pause before recategorising any reporting line. Ask me where the practice keeps the client's reporting line policy. Save the P&L pack and the supporting working paper to Google Drive ready for senior review and the variance pass."
Draft variance notes
"Draft variance commentary for this client's management accounts in QuickBooks. For each significant variance against prior period and against budget, identify the largest contributors, tie each contributor to underlying transactions or events the client has communicated, and write a short commentary paragraph in the client's narrative voice. Materiality thresholds are per the practice's reporting policy. If a variance lacks an explanation, ask me whether to chase the client or to mark for senior interpretation. Pause before sending any commentary that touches sensitive client information. Save a note for the practice manager listing variances drafted, queries for the client and items awaiting senior interpretation."
Refresh KPIs
"Refresh the KPI tracker for this client in Sage 50. Pull KPI definitions configured for the client, compute each metric from the ledger and any connected operational system and update the tracker. Compare current period against the target, against the prior period and against the rolling twelve-month trend. Flag metrics that have moved more than the agreed threshold and tie each flagged metric to the underlying drivers. If a KPI definition has changed since the prior period, ask me whether to apply retrospectively. Pause before changing a KPI definition. Save the refreshed tracker to Google Drive and the assumption log alongside ready for senior review."
Compose board pack
"Compose this period's board pack for this client in FreeAgent. Pull the management accounts, the variance commentary, the KPI tracker, the cash flow update and any outstanding items the senior has raised. Assemble the pack to the practice's house style with the client's logo, the executive summary, the financial summary, the operational KPIs and the appendix detail. For multi-entity clients, include both entity-level and consolidated views with intra-group eliminations applied. If a board pack section is incomplete, ask me whether to send a partial pack with a covering note or to wait. Pause before sharing with the client board. Save the pack to Google Drive ready for partner sign-off."
Automated financial reporting with AI Agents
Management packs, variance commentary, KPI tables and board narratives stop landing on staff one client at a time. The AI Agents repeat the reporting motion across the book, which is where the up to 80% lower cost to serve per client comes from, with partner review reserved for commentary sign-off.
Commentary that learns each client's narrative voice
Templated commentary reads generic and gets edited every period. Minded learns each client's board-paper voice: how they frame a variance, which KPIs they emphasise, which categories deserve a paragraph and which deserve a line. Tie this to month-end close with AI so close output feeds reporting directly.
One reporting flow across Xero, QuickBooks, Sage 50 and FreeAgent
A real practice runs management reporting for clients on Xero, QuickBooks, Sage 50 and FreeAgent at the same time. The same P&L pack, variance commentary, KPI refresh and board-pack motion runs natively in every ledger. See cash flow forecasting with AI and statutory reporting with AI for adjacent reporting work.
How is this different from Fathom, Spotlight or Syft?
Fathom, Spotlight and Syft are excellent at visualising the ledger and producing charts. Minded sits behind the visualisation: it drafts the management commentary from the actual transactions, applies the client's KPI definitions and the practice's reporting style, and assembles the board pack ready for senior review.
What can the agent automate around management account commentary?
The agent reads the ledger movement, identifies the largest contributors to a variance, ties each contributor to the underlying transactions or events the client has communicated, and drafts a commentary paragraph per significant variance in the client's narrative voice for the senior to refine.
How does the agent handle KPIs and tracker dashboards?
KPI definitions are configured per client and computed from the ledger or the connected operational system. The agent refreshes the KPI tracker each period, flags movement against target or against prior period, and surfaces metrics that need a deeper explanation in the board narrative.
Can the agent prepare a board pack with prior-period variance?
Yes. The board pack covers headline P&L, balance sheet, cash flow, KPI tracker and a commentary section, all with prior-period and budget variance. The agent assembles the pack to the practice's house style and pauses for senior sign-off before sharing with the client board.
What about multi-entity and consolidated reporting?
For multi-entity clients the agent produces entity-level packs and a consolidated pack, with intra-group eliminations, FX translation and minority interest applied. The consolidated commentary picks out which entities drove a group-level movement to give the board a clear reading.