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The Reporting Solution

State & Local Government Financial Report Preparation & Support

Streamline Your Annual Comprehensive Financial Report Process

FORVIS is constantly looking for innovative ways to apply technology to make processes more efficient and effective for our clients. We understand the process to create and submit your Annual Comprehensive Financial Report (ACFR), budget, interim, and state financial reporting can be time-consuming and complex. The Reporting Solution (TRS) can help!

A Streamlined Preparation Process

TRS is a web-based application that can help local governments streamline the preparation of annual reports through an efficient and simplified process. It can also be used to create interim reports; all types of local governments (cities, counties, enterprise districts, and other special districts) use it.

Users create the entire report using database-driven financial statements, an online word processor, and proprietary spreadsheet technology. Changes made to the financial statements will update in real time throughout the narrative portions of the annual report. Being web-based, multiple users can work simultaneously. The report can be exported as a formatted .pdf or .docx file.

Interested in learning more about how TRS can help your entity streamline your annual reporting process?

Advantages & Capabilities

  • Links documents, spreadsheets, and financial statements by utilizing DataLinks
  • Is web-based, in one central location, and maintenance-free with all updates included in the annual license package
  • Updates in real time and allows multiple users to update the report simultaneously
  • Has database-driven roll-ups and any classification changes to accounts or funds are a simple mouse click away
  • Supplies detail behind any line item to view the roll-ups, trial balance data, and adjustments that comprise that amount
  • Provides limitless drafts that can be exported as a .pdf or .docx file.
  • Has project management tools to help keep track of report progress and allows for assignments and due dates
  • Includes unlimited support assistance from our professionals

Quickly Get Started With Our Software

During the implementation and the annual service, our professionals will:

  • Replicate 90% of the prior-year Annual Report
  • Provide training for all users and extensive support for a successful first live year
  • Upload the trial balance and format the financial statements
  • Provide support, maintenance, upgrades, and backups
  • Accommodate applicable GASB pronouncements

Excellence in the Financial Reporting Program

FORVIS has numerous clients who participate in the Government Finance Officers Association (GFOA) ACFR award program and several team members who serve on GFOA’s Special Review Committee, which allows our professionals to have first-hand insight and knowledge of GFOA’s requirements to obtain the Certificate of Achievement for Excellence in Financial Reporting (COA). In addition, our professionals can share best practices gained from reviewing reports submitted to GFOA’s ACFR.

We also can offer a review of an entity’s ACFR, help resolve identified discrepancies, and help reduce exceptions when reports are returned and submitted to GFOA for the Certificate of Achievement for Excellence in Financial Reporting Program.

Request a Demo
Fill out the form below to request a demo with our professionals.