Acorn Draft
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Financial statement production for accounting practices in Namibia

Annual financial statements in five minutes. Every figure exact. Every change approved by you.

Acorn Draft prepares the full set from any trial balance and the prior-year statements. Each figure is calculated by the engine, so the arithmetic is exact. Each allocation and amendment is presented as a suggestion you approve or edit in seconds. Final sign-off stays with your partner.

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IFRS for SMEs · Namibian tax · Companies and close corporations · Namibia Dollar

  • Statement of financial position balances in both years
  • Cash flow statement reconciles to the cash and cash equivalents note
  • Tax expense agrees to the tax computation
  • Financial year locked on partner approval
Illustrative extract. The figures are examples.
Five minutes to a full draft.

From trial balance to a complete set of statements, notes, cash flow and tax computation.

Every figure calculated.

No figure is keyed by hand, so the arithmetic is exact and every statement agrees to its notes.

Every change approved by you.

Suggested allocations and amendments are approved or edited in seconds. Final sign-off stays with your partner.

1.0See it work

One complete run, narrated

Upload, draft, review the suggestions, the manager's sign-off, the second engine's independent review, partner approval. Three minutes, recorded in one take on an example client; the drafting wait is shortened.

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2.0How it works

From trial balance to approved statements in three steps

Upload, review the suggestions, sign off.

  1. Upload

    A trial balance from any accounting system and the prior-year signed financial statements. Add supporting schedules where you have them: general ledger detail, the fixed asset register, aged receivables and payables, the prior-year tax computation. Enter the facts the records do not contain, such as the approval date, new loans, dividends and events after the reporting period.

  2. Acorn Draft prepares the set

    Within five minutes: the statements, notes, cash flow and tax computation, in the industry-standard layout you are used to. Each account is allocated to its line, new accounts are highlighted with a suggested allocation, and every figure is calculated and checked.

  3. Approve, amend, sign off

    Each suggestion and check result is presented for a response: approve it, change it or refer it to the client. Amendments are applied in a single re-run, within minutes. The partner signs off and the financial year is locked.

3.0Outputs

Delivered with every draft

Financial statements
PDF and Word, in the industry-standard layout: the structure, page order and typography your clients and auditors are accustomed to.
Reviewer memorandum
Inputs used, results at a glance, each check with its result, the basis for every allocation, journals applied and an analytical review of movements against the prior year.
Mapping schedule
Every account, the line it was allocated to and the reason, in Excel.
Review pack
A single printable record of findings and responses, journals, questions for the client and the user who performed each step.
Detailed income statement and tax computation
Produced where the prior-year statements included them, so the set is complete in the form the client expects.
Roll-forward
An approved year becomes the basis for the next. Prior-year figures, equity history, tax inputs and approved allocations carry forward, so the second year is faster than the first.

4.0Review and sign-off

Suggestions in seconds. Sign-off once.

Acorn Draft shows its work. Every allocation it suggests and every check it runs is presented with the evidence, so a review takes minutes rather than hours. Use it to prepare the statements, or to check a set your team has drafted: an independent set from the same trial balance, ready to compare line by line. An example:

New accountNot in the prior-year allocation

Account 6420, Software subscriptions, is new this year

Suggested allocation: Administrative expenses, within the operating expenses note. Current year 48 600; prior-year comparative nil.

Approved with a short note. The allocation is remembered for this client and used for next year's draft.

  • Speed. A complete draft in five minutes. Amendments are re-run in minutes, not days.
  • Exact figures. Calculated from the trial balance, never keyed. Every statement agrees to its notes and the tax expense agrees to the computation.
  • Suggested allocations. New accounts are highlighted with a suggestion you approve or change in seconds.
  • Final sign-off. Nothing is issued until the partner has approved it. The approved year is then locked.
  • A complete record. Every suggestion, response and approval is logged against the user and the time.

5.0Accuracy

Every figure is calculated. None is estimated.

Acorn Draft separates judgement from arithmetic. The system reads the prior-year statements and the current trial balance and prepares a specification: the allocation of each account to its line, the prior-year comparatives, the narrative carried forward and the tax inputs.

Acorn's proprietary calculation engine derives every figure from that specification. It applies the rounding conventions of professional statement software, builds the cash flow statement, the tax computation and the deferred tax, and runs the complete set of checks. Any difference is reported as a finding. Nothing is adjusted without a record.

  1. Prior-year statements and trial balanceThe signed prior-year AFS and the trial balance, with supporting schedules.
  2. SpecificationAccount allocations, comparatives, narrative and tax inputs, recorded for review.
  3. Calculation engineEvery figure, the cash flow, the tax computation and deferred tax, in the industry-standard layout.
  4. ChecksCasts, cross-references, note agreement, tax reconciliation and prior-year agreement.
  5. Findings for reviewEach result presented to the reviewer with a required response.

6.0Learns as it goes

Every set of statements improves on the last

  • Per client. An approved year becomes the basis for the next. Prior-year figures, equity history, tax inputs and approved allocations carry forward.
  • Per firm. A correction made twice becomes a house rule in one click and applies to every subsequent draft, for every client.
  • New accounts. Highlighted with a suggested allocation. Once approved, the allocation is remembered.
  • Standing responses. Points you approved or marked not applicable are presented again next year with last year's reason, ready to confirm.

7.0Namibian practice

Built for the way Namibian firms report

  • IFRS for SMEs, presented in Namibia Dollar.
  • A Namibian tax computation maintained by Acorn's tax practice and kept current with changes in legislation: assessed losses, wear and tear, and a rate reconciliation that closes to the tax expense.
  • Companies with the audit report pro-forma; close corporations with the members' report and the accounting officer's report.
  • Any trial balance as the starting point. No re-keying.
  • Developed and used in practice by Acorn Finance, chartered accountants, Windhoek.

8.0Security

Your clients' information, under your control

  • Each firm's clients, drafts and files are held separately from every other firm's.
  • Named user accounts with defined roles and two-factor authentication.
  • Encrypted connections throughout.
  • A complete audit log of every action.
  • Client data is processed solely to prepare your financial statements and for no other purpose.
  • House rules and approved drafts remain your firm's.

9.0Request a demonstration

Arrange a demonstration for your firm

Acorn Draft is implemented practice by practice. Tell us about your firm and we will arrange a demonstration, set up your organisation and users, and prepare a first set of statements with you.

Enquiries are handled by Acorn Finance. Your details are used only to respond to your request.