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GAAP & IFRS Support

The only small business accounting software that lets you choose your reporting standard per company. Run US entities on GAAP and international entities on IFRS from one installation.

Try It Free
2
Global Standards Supported
140+
Countries Covered
15+
Currencies Built In

Two Standards. One Application. Zero Compromise.

US GAAP and IFRS are the two accounting frameworks that govern virtually every business on earth. Most small business accounting software forces you to pick one. Kantivo lets you set the standard per company, so a single installation can serve a US LLC on GAAP and a UK subsidiary on IFRS without switching tools.

Default

US GAAP

  • Balance Sheet report title
  • Income Statement (Profit & Loss)
  • FIFO, LIFO, and Average Cost inventory
  • Current-to-non-current presentation
  • Cash and accrual basis
  • Standard for all US businesses
International

IFRS

  • Statement of Financial Position
  • Statement of Profit or Loss
  • FIFO and Average Cost (LIFO prohibited per IAS 2)
  • Non-current-to-current presentation
  • Cash and accrual basis
  • Standard in 140+ countries

What Changes Per Standard

When you set a company to IFRS, Kantivo automatically adapts your entire reporting experience to match the framework your accountant expects.

Report Titles

Balance Sheet becomes Statement of Financial Position. Income Statement becomes Statement of Profit or Loss. PDFs, prints, and on-screen reports all update automatically.

Standard Badge

Every report clearly displays a US GAAP or IFRS badge alongside your Cash/Accrual indicator, so there is never ambiguity about which framework your numbers follow.

Inventory Compliance

LIFO costing is automatically blocked for IFRS companies per IAS 2. The system guides you to FIFO or Average Cost instead.

Per-Company Setting

Set GAAP or IFRS when creating a company or change it anytime in settings. Each company in your multi-company setup can use a different standard.

Built for Global Business

Combined with 15+ built-in currencies and automatic exchange rate feeds, Kantivo is ready for businesses operating across borders. Whether you are a US small business that needs GAAP compliance or a multinational that needs IFRS, the accounting framework adapts to you, not the other way around.

Accounting That Speaks Your Language

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