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The Insights template is not a balance-supporting reconciliation. It is a short data-capture form for recording a client file's profile: its reporting framework, VAT position, industry, size and a handful of firm-defined custom fields, so that information can be searched and reported on elsewhere in Silverfin.

Table of contents 

When should I use this template?

Add it to a workflow when your firm wants standard classification data recorded consistently against each client file, so files can later be searched, filtered or reported on by that data.

Before you start

Check with your firm about which fields it actually uses. The five custom title and description pairs on this template can be relabelled by your firm for whatever extra classification it needs, so their purpose varies between firms.

Background

The values recorded here are designed to be picked up by Silverfin's separate Insights module, a firm-wide reporting tool that lets admin users build saved searches and automated notifications across every client file. This template's only job is to capture the raw values at file level. It does not perform any calculation, does not link to the trial balance, and does not feed the financial statements or any other template.

Steps

  1. Current financial reporting framework: select the framework the file reports under: FRS 105, FRS 102 (1A), FRS 102 (Full), FRS 101 or IFRS.
  2. VAT registered?: select Yes or No.
  3. VAT frequency: select Monthly, Bi-monthly, Quarterly or Bi-annually.
  4. Industry: select from Energy, Retail, Transport, Technology, Doctor or Other. Choosing Other reveals a free-text box to type the industry in.
  5. Number of employees: enter a number.
  6. Accounting service: select Bronze, Silver, Gold or Other. Choosing Other reveals a free-text box to specify the service.
  7. Five custom fields: each has a title box and a description box, both free text, so your firm can record any additional data point it wants against the file beyond the fixed fields above.

What flows through to the rest of the accounts/workflow?

None of the answers feed the financial statements, disclosures or any other template. They are purely captured so they can be used for searching and reporting through Silverfin's separate Insights module, where your firm has that enabled.

What rolls forward next year?

None of the answers roll forward automatically. There is no built-in carry-forward on this template, so each period's answers need reviewing and re-entering (or confirming) as needed.

Where the data comes from

Entirely manual entry by the preparer. There is no link to the trial balance or any other template.

Frequently asked questions

Does this feed into the accounts?

No. It is purely for data capture and firm-wide reporting purposes, not for accounts production.

What if my industry or accounting service isn't listed?

Select Other and type it into the free-text box that appears.

Can we customise the five extra fields?

Yes. Both the title and description are free text, so your firm can use them for whatever extra classification it needs.