Getting Started
12 articles tagged with “Getting Started”
Library
How to Build a Chart of Accounts that Drives Value
A well-structured chart of accounts is more than a list of account names. This article explains how to design a COA with an output-driven mindset, use numbering conventions effectively, and avoid common pitfalls.
Essentials of Financial Statements
Financial statements are the primary tools for assessing an entity's fiscal condition. This article covers the key components, how they fit together, and the steps involved in preparing them.
Financial Statements Preparation
Financial statements preparation involves converting trial balance data into a complete set of statements compliant with reporting standards. This article covers the process, common challenges, and how automation can reduce preparation time.
Financial Statements vs Management Accounts
Financial statements and management accounts serve different purposes and audiences. This article explains the key differences, including their regulatory basis, required components, and practical value.
Lease Accounting Under IFRS 16
IFRS 16 requires lessees to recognise nearly all leases on the balance sheet. This article explains the key concepts, common challenges with inconsistent payment schedules and misaligned lease periods, and how the standard affects financial statement preparation.
SFRS vs SFRS SE
Singapore private companies choose between SFRS and SFRS SE for statutory financial reporting. This article explains the eligibility criteria for SFRS SE, key differences in lease, impairment and disclosure requirements, and practical factors to consider when selecting a framework.
Showing 6 of 6 articles
Support
How to Generate a Financial Statement
An overview of the seven-step process for generating a financial statement in Luca, from entering your UEN to downloading the finished Word document.
How to Manage Team Members
Learn how to invite, edit, and remove team members in Luca, including role assignment and activation workflows.
How to Use the File Upload Function
Our file upload feature is designed to make it easy for you to bring your accounting data into our platform, saving you time and effort when preparing financial statements.
What Files Do I Need to Prepare Financial Statements in Luca?
List of documents required for FS generation in Luca.
For Users Who Prepare Accounts in Excel with GL Names Across Columns
If you prepare your accounts in Excel and your General Ledger (GL) names are placed across the columns instead of down the rows, this article is for you. It explains how to reshape your data so it can be imported smoothly into Luca.
How to Edit the Generated Financial Statements
How to edit your FS in Word: add rows, apply styles, and keep it clean.
Showing 6 of 6 articles