Annual Financial Statements

What it is: The complete set of financial reports prepared at the end of a reporting period — typically including a statement of financial position (balance sheet), income statement, statement of cash flows, statement of changes in equity, and accompanying notes.

Annual Financial Statements (AFS) are the primary output of Draftworx. The software assembles them automatically from the linked trial balance data, applying the chosen reporting framework (e.g. IFRS, IFRS for SMEs, or a country-specific GAAP).