Save Time with Customizable Tools and Templates
Creating financial reports can be an arduous process, particularly for large government organizations with complex operations.
Significantly cut down on the time and effort involved in financial reporting processes by leveraging template financial statements and reports. Draw a library of ancillary materials, such as a range of standard notes and schedules, and with easy customization options, you can ensure consistency and the highest level of quality across all your files.
Reduce the Risk of Errors
Managing the risk of errors in financial reports is a significant challenge – particularly for governments as they are often under immense scrutiny.
CaseWare’s financial reporting solutions are linked to CaseWare Working Papers – connecting your data directly to your reports. As you populate information, the data flows to all appropriate reports without the need for manual transcription. Financial reports are always up-to-date, accurate, and when adjusting journal entries are made, there is no risk associated with the data not being integrated in the financial statements.
Ensure Continuity Across Financial Statements
Financial statement preparation requires a significant degree of accuracy and the use of common metrics and rounding principles. However, it can be easy to make mistakes, particularly when more than one individual is involved.
Our solution provides continuity for financial statements, giving you confidence that the same calculations and metrics are being used each time you prepare a report. As all reports in Working Papers draw data from the same source, there is also continuity across all identified outputs
Apply Consistent Standards For All Financial Reports
Every organization and government entity has its own look and feel, brand style and approved formats.
CaseWare’s financial reporting solutions are highly flexible, giving you the ability to apply consistent standards across all materials you develop. These standards can be locked in to ensure that content creators adhere to specified requirements without the need for significant verification.
Enhance Quality While Decreasing Review Time
When producing financial statements, government entities typically spend a considerable amount of time conducting a quality review to ensure there are no spelling errors, and that page numbers, headers, footers and references are all consistent.
With Financials, this significant administrative task is automated, with tools that automatically update financial statements and reports to ensure consistency across all references and numbering. Rather than spending time ensuring the numbering of your notes is consistent, you can focus on higher-value quality review activities.
Leverage Leading Practice Materials
Governments and government agencies can be hampered by the need to develop financial reports without significant experience and understanding of leading practices.
CaseWare solutions, templates and tools are updated regularly to ensure that you are always in compliance with new reporting standards and practices. CaseWare also recognizes that governments and government organizations have different needs. It includes a range of best in class examples and template reporting materials that you can tailor to the needs of your organization.
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