How It Works Outputs Pricing Security About Us
HOW IT WORKS

From raw financial data to completed statements in under 3 hours.

Rocovit replaces 15 days of fragmented, judgment-heavy manual work with a structured 7-step engine. Every step is auditable. Every output is traceable.

01 - Engagement Setup
02 - Data Setup
03 - GL Allocation
04 - Financial Preview
05 - Statements
06 - Tax Preparation
07 - AFS Pack
WHY THIS EXISTS

Financial statement preparation has not changed in 20 years.

The traditional workflow is fragmented across Excel, email, and multiple accounting systems. Each engagement requires rebuilding the same work from scratch. Errors compound across steps. Reviews take days. The process is so slow it makes SME clients unprofitable to serve - so most firms turn them away entirely. Rocovit replaces that workflow with a single structured engine.

TOTAL TIME

Under 3 hours. Start to finish.

A process that previously consumed 10 to 15 working days across multiple team members, tools, and review cycles is now a single structured session. The same accountant who starts the engagement finishes it.

Audit firms using Rocovit report preparation time reduced from 10 days to under 3 hours.

Step 1 - Engagement Setup 5-10 min
Step 2 - Data Setup 10-20 min
Step 3 - GL Allocation 30-60 min
Step 4 - Financial Preview 15-30 min
Step 5 - Financial Statements 20-40 min
Step 6 - Tax Preparation 15-30 min
Step 7 - AFS Pack Export 5-10 min
TOTAL Under 3 hours
THE ENGINE

Seven steps. One engine. Every time.

WHAT YOU CONFIGURE
Client entity name, registration number, and financial year end
Reporting framework - IFRS for SMEs, Full IFRS, or country-specific standard
Output mapping template - which of the 7 compliance packs are required
Engagement team members and reviewer assignment
FOUR DATA SOURCES
Prior year AFS upload - opening balances pre-populate automatically
Open banking API connection - live transaction feed ingested directly
Bank statement upload - PDF or CSV accepted, parsed automatically
Bookkeeping ledger export - QuickBooks, Xero, Sage, or Excel import
HUB
HOW ALLOCATION WORKS
Transactions clustered by merchant, amount pattern, and frequency
AI predicts COA mapping with a confidence score per cluster
Low-confidence clusters flagged for accountant review
Every allocation decision logged - source, prediction, reviewer, timestamp
SALES
RENT
MISC
WHAT YOU REVIEW
Income and expense summary by category with variance flags
Balance sheet snapshot - assets, liabilities, and equity preview
Opening versus closing balance reconciliation per schedule
Journal adjustment workspace - add corrections before output generation
WHAT IS GENERATED
Statement of Financial Position - Balance Sheet
Statement of Comprehensive Income - Income Statement
Statement of Changes in Equity
Cash Flow Statement - direct and indirect method
Notes and disclosures - pre-populated from schedule data
TAX OUTPUTS GENERATED
Taxable profit bridge from accounting profit
Capital allowances schedule with asset register
Tax liability computation - current and deferred
Prior year comparison and effective tax rate summary
SEVEN OUTPUTS GENERATED
Tax Compliance Pack - 78 country tax filing formats
Bank Loan Pack - lender-ready financial statements
Investor Due Diligence - audit-ready financials
Audit Working Papers - full working paper pack
Visa Financial Pack - UK, UAE, Canada formats
Tender and Procurement Pack - Africa and EU formats
M&A Readiness Pack - acquisition and exit financials
DIFFERENTIATION

Why Rocovit is not just another tool.

Structured Pipeline

Unlike generic accounting software, Rocovit enforces a rigid, step-by-step pipeline. This ensures consistency across every engagement, regardless of which team member is performing the work.

Audit-Ready Traceability

Every single figure in the final AFS pack is traceable back to the raw bank transaction or ledger entry. The audit trail is built automatically as you work, not as an afterthought.

Compliance-First Logic

Our engine is built on IFRS logic, not just data entry. It understands the relationship between schedules, notes, and disclosures, preventing logical errors before they happen.

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Rocovit ingests from four data sources, runs the allocations, generates the statements, and produces the tax pack in a single session. What used to involve three team members across two weeks now involves one accountant across one morning.

AUDIT FIRM - LAGOS, NIGERIA

See the engine in action.

Book a 20-minute demo and we will walk you through a live engagement from raw data to completed statements.