Why Drafting Statutory Accounts Is Painful
Xero gives you a trial balance.
Turning it into a statement set is still manual work in Word.
Xero stops at the trial balance
The repetition of building the directors' statement, notes and cash flows still gets built by hand in Word.
Notes and cross-references by hand
Renumbering notes and keeping every balance sheet and P&L cross-reference in sync is fiddly, time-consuming, and error-prone.
The cash flow statement from scratch
The indirect cash flow statement is the part most templates leave you to rebuild every year — slow to construct and easy to get subtly wrong.
Inconsistent formatting and standards
Formatting, terminology, and note ordering often vary across preparers — making it difficult to maintain a consistent firm-wide standard.
A Complete Statement Set, Drafted For You
Every part of the statutory close — built to your firm's house style, not a rigid template.
The Complete Statement Set
Directors' statement, balance sheet, P&L, changes in equity, cash flows and full notes — including the parts templates leave you to build.
Live Financials from Xero
Balance sheet, P&L and fixed assets pulled for the current and prior year, in one run.
Saved Company Data
UEN, directors, registered office and more — saved once, never re-entered.
Configurable Mapping
Translate your Xero chart of accounts into your intended statement structure.
Your Phrasing & Numbering
Notes drafted in your firm's house style, with auto-numbering and cross-referencing.
Review-Ready Draft
Every judgement call and fill-in field highlighted, so nothing ships before you've reviewed it.
Built for Everyone Who Prepares Statutory Accounts
From accounting firms drafting financial statements for dozens of clients,
to finance teams preparing their own statutory set each year.
Accounting firms preparing client accounts
One house style, one engine — applied across every client whose statutory accounts you draft.
Onboard a new client's company data and chart of accounts once. Spend the engagement on review, not formatting.
Finance teams filing their own statements
Produce a clean statutory set each year without outsourcing the formatting and note-writing.
Current and prior year pulled live from Xero, so the comparatives are always consistent.
From Trial Balance to Review-Ready Statements
Lifetime access to a complete statement set in 3 simple steps
We capture your company data — UEN, directors, registered office — and map your Xero chart of accounts to your statement structure.
We systemise your house style — note wording, numbering, disclosures — into an engine connected to your Xero org.
Run the statements on demand. Current and prior year pulled live, notes auto-numbered and cross-referenced for your review.
Manual Word Drafting vs. Cheetah
What preparing a statutory financial statement set looks like with and without automation.
Manual drafting
- Copy last year's Word file and overwrite every figure by hand
- Re-key UEN, directors and registered office details each time
- Renumber notes and fix every cross-reference after each edit
- Rebuild the cash flow statement and notes from scratch
- Proofread for typos and stale prior-year numbers before sign-off
Cheetah
- Balance sheet, P&L and fixed assets pulled live from Xero
- Saved company data dropped in automatically — never re-entered
- Notes auto-numbered with cross-references kept in sync
- Full statement set including cash flows and notes, drafted for you
- Every judgement call highlighted, so nothing ships unreviewed
Simple, Transparent Pricing
A one-time setup to build your statements your way,
then a flat fee each time you need a fresh set.
Implementation
- Detailed consultation
- Xero chart of accounts mapping
- Your wording, numbering & disclosures
- Saved company data (UEN, directors, etc.)
- Google Docs template build
- Initial setup and testing
Per Statement Set
- Complete set incl. notes & cash flows
- Current & prior year pulled live from Xero
- Auto-numbered, cross-referenced notes
- Unlimited regenerations within 30 days
- Editable Google Doc — export to Word or PDF
- Review-ready draft, fields highlighted
Spotted in the Wild
Don't just take our word for it.
Hear what industry veterans have to say.
“Cheetah has become our quiet competitive edge. Reports that used to eat up half our month-end now land in minutes — perfectly formatted, every time. Our team now spends their hours on advisory work instead of cleaning up spreadsheets.”
“Consolidated reporting used to take hours of manual prep. With Cheetah, it's one click away — structured exactly how each client wants it. We've gone from preparing reports to actually advising on them.”
“We never thought our complicated business logic could be systematized – until Cheetah delivered it. Whenever we need changes made, we get the responsiveness and ownership of a dedicated analyst.”
Unaudited Financial Statements FAQ
Common questions about drafting statutory financial statements from Xero with Cheetah.
Does Xero produce a statutory financial statement set?
No. Xero provides management reports and a trial balance, but it doesn't generate a Singapore-compliant statutory set — meaning no directors' statement, detailed notes, or cash flow statement as required by local regulations. Because Singapore's requirements are highly specific (and subtly different from other jurisdictions), firms typically assemble these sets manually in Word, making sure every nuance is covered — or they automate that complexity with Cheetah.
What does a Cheetah unaudited financial statement set include?
A complete Singapore statutory set: directors' statement, statement of financial position (balance sheet), statement of profit or loss, statement of changes in equity, statement of cash flows, and the accompanying notes — all drafted from your Xero data.
Are the notes auto-numbered and cross-referenced?
Yes. Notes are auto-numbered, and the balance sheet and P&L line items are cross-referenced to the relevant notes automatically. Edit the structure and the numbering and references stay in sync.
Can the statements be drafted in my firm's own wording?
Yes. We systemise your house style — note phrasing, disclosures, ordering and formatting — so the output reads like your firm wrote it, not like a generic template.
How does the mapping from Xero work?
We configure a mapping from your Xero chart of accounts to your intended statement structure. Live balances for the current and prior year flow into the right line items every time you generate.
Where do the company details like UEN and directors come from?
They're saved against the company once — UEN, directors, registered office, signatories and more — and dropped into the statements automatically each period, so nothing is re-keyed.
Is the output ready to file as-is?
It's a review-ready draft, not an auto-filed return. Every judgement call and fill-in field is highlighted so your team reviews and signs off before anything is finalised.
Where do the generated statements live?
Statements are generated straight into Google Docs — editable and exportable to Word or PDF. Cheetah doesn't store your accounts; the financials are pulled fresh from Xero on every run.
