We’ve enhanced the Accounting & Disclosure Error Analysis Report to help you identify, understand, and resolve accounting and disclosure issues more effectively.

With the completion of Phase 7, the report now includes additional automated checks, better cashflow validation guidance, and improved error visibility, ensuring that your accounts remain accurate, compliant, and ready for submission.

What’s New in This Release

The September 2025 update introduces the following improvements:

• Additional automated checks → Detects more accounting and disclosure inconsistencies within your produced accounts.

• Detailed cashflow validation tips → Provides clearer guidance to help you identify and fix cashflow-related issues.

• Improved error visibility → Error messages are more descriptive, making it easier to understand and resolve problems before submission.

When to Use the Error Analysis Report

You should use this report after completing your accounts but before submission to ensure your financial statements are accurate and compliant.

The tool is designed to:

• Highlight potential issues automatically

• Provide clear explanations of each issue

• Suggest practical steps to fix errors

• Ensure accounts meet accounting standards before filing

How to Access the Error Analysis Report

Step 1 — Navigate to Produced Accounts

1. Go to Compliance Database → Produced Accounts.

2. Select the relevant entity and choose the accounting period you’re reviewing.

Step 2 — Run the Error Analysis Report

1. Within the Produced Accounts section, locate and click Accounting & Disclosure Error Analysis Report.

2. BrightAccountsProduction will automatically scan the prepared accounts for potential issues.

Step 3 — Review Results

• Detected issues will be listed in a structured, easy-to-read format.

• For each error, you’ll see:

  • Error Type → Accounting or disclosure-related

  • Description → Explanation of what triggered the issue

  • Impact → Whether it prevents submission or is only advisory

  • Recommended Action → Steps to fix the issue

Step 4 — Apply Fixes and Recheck

1. Follow the recommended steps to resolve highlighted issues.

2. Once resolved, re-run the report to ensure no further errors remain.

3. When all checks pass successfully, your accounts are ready for submission.

Example Checks Performed by the Report

The enhanced Phase 7 release includes checks for:

• Missing or inconsistent notes disclosures

• Cashflow statement mismatches

• Tax reconciliation inconsistencies

• Misclassified income and expenditure items

• Missing director, shareholder, or auditor details where required