Let The Reporting Solution streamline your annual financial reporting. We'll save you time and money!

With over 90 clients across 24 states, our innovative web application streamlines the preparation of financial reports for local governments (cities, counties, school districts, enterprise districts, and other special districts), resulting in efficient and cost-effective reporting.

Compared to traditional methods of preparing reports, TRS is unique because it:

  • Links documents, spreadsheets and financial statements

    By utilizing DataLinks, the documents, spreadsheets and financial statements are all linked. Adjustments to the financials automatically update within the narrative and spreadsheets.

  • Has database driven roll ups

    TRS's financial statements run off of a database (rather than a spreadsheet), and, consequently, any classification changes to accounts or funds are a simple mouse click away.

  • Supplies detail behind any line

    Users (auditors, too) can click on any line item to view the roll ups, trial balance data, and adjustments that comprise that amount.

  • Provides limitless drafts and users

    Multiple users can log in to update the report simultaneously. Since the information is web-based, it is in one central location and updates in real time. A current draft can be exported at any time as a .pdf or .docx file.

  • Is maintenance-free

    No set-up is required as TRS is web-based. All upgrades are included and happen automatically. New updates are featured on the homepage when a user logs in keeping them up to date. Daily and monthly backups are performed.

  • Has Project Management

    The Project Management tool helps keep track of the annual report’s progress towards completion. It allows for assignments to specific users along with due dates to see if the annual report is on track.

  • Is Web-based

    Web-based allows multiple users to collaborate from anywhere with ease.

  • Has Support Assistance

    Unlimited access to the support team via phone, email, web-based meetings, or the user forum.

During the 4-6 week implementation period, the experienced TRS team replicates 90% of your prior year annual report before training begins.

The Reporting Solution (TRS) is a web-based application that allows local governments to prepare their Annual Report.

Users create the entire report using database driven financial statements, an online word processor, and proprietary spreadsheet technology. A change 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 at any time as a formatted .PDF or .DOCX file.

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Map of the United States with markers placed at each client’s location. There are over 90 clients across 24 states.

Features

TRS is a web-based application for local governments to create annual financial reports.

It can also be used to create interim reports, and all types of local governments (cities, counties, enterprise districts, and other special districts) use it.

The software is unique because it:

  • Links documents, spreadsheets and financial statements

    By utilizing DataLinks, the documents, spreadsheets and financial statements are all linked.

  • Has database driven roll ups

    The software’s financial statements run off of a database (rather than a spreadsheet), and, as a result, any classification changes to accounts or funds are a simple mouse click away.

  • Supplies detail behind any line

    Users (auditors, too) can click on any line item to view the roll ups, trial balance data, and adjustments that comprise that amount.

  • Provides limitless drafts and users

    Multiple users can log in to update the report simultaneously. Since the information is web-based, it is in one central location and updates in real time. A current draft can be exported at any time as a .pdf or .docx file.

  • Is maintenance-free

    The software is a web-based solution. All upgrades are included in the annual license fee. New updates are featured on the homepage when a user logs in, keeping them up to date. Backups are performed daily.

  • Has Project Management

    The Project Management tool helps keep track of the Annual Report’s progress towards completion. It allows for assignments to specific users along with due dates to see if the report is on track.

  • Is Web-based

    Web-based allows multiple users to collaborate from anywhere with ease.

  • Has Support Assistance

    Unlimited access to the support team via phone, email, web-based meetings, or the user forum.

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TRS is a web-based solution. The image depicts that numerous users can work simultaneously in different sections of the annual report.

Project Details

The software has two project steps: the implementation and the annual service.

During the implementation, we will:

  • Replicate 90% of the prior-year Annual Report

    • Upload and format the prior-year Annual Report text

    • Upload the prior-year trial balance

    • Create a draft of the financial statements

    • Format the financial statements

  • Provide training for all users

  • Provide extensive support for a successful first live year

During the annual service, we will:

  • Upload the trial balance

  • Format the financial statements

  • Provide support, maintenance, upgrades and backups

  • Accommodate applicable GASB pronouncements

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The chart depicts the various levels at which clients use the software from just the financial statements to a full implementation & additional reports.

About Us

We create applications for local government financial reporting.

Government financial reporting is all we do. Using the software’s technology, we provide several other financial reporting services to local governments and school districts:

  • California State Controller Reporting Compilation
  • Florida Annual Financial Reporting
  • Interim Financial Reporting
  • Budget Financial Reporting

With all services being completed remotely, we work with over 200 local governments in more than 20 states every year.

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A list of services offered by Thales Consulting, Inc. using TRS as a tool. The services include annual financial reporting, California state controller reporting, Florida annual financial reporting, interim reporting, and budget online.

Testimonials

I recommend CAFRONLINE without reservation to other governments. The biggest advantages are

  1. 1) the support team provided by CAFRONLINE,
  2. 2) the stability of the product and integrity of the data, and
  3. 3) the seamless integration of the balances in each of the funds.

We were able to complete our CAFR with far greater efficiency than in prior years. In addition, the reporting tool allowed for greater participation by each of our staff accountants, which enhanced their commitment to the project, provided a genuine growth experience, and strengthened our team.

I don't think there are enough good words to say about the obvious commitment to customer service exemplified by the Thales Consulting team.

— Finance Manager

San Diego Metropolitan Transit System; client since 2008

It was a pleasure working with the CAFRONLINE staff in creating our FY2013 CAFR.

There were several times where we needed something addressed with a short turnaround and the staff did a very good job accommodating us.

— Assistant Finance Director

City of Largo, FL; client since 2013

CAFRONLINE Let us bring preparation of the GASB 34 compliant financial statements in-house. This increased clarity of the detail behind the summary financial statements. It will also provide consistency of reported data from year to year, making trend analysis reliable.

Based on years of outstanding work from Thales Consulting on other financial reports, I knew their CAFRONLINE product would meet our CAFR preparation needs. They met and exceeded my expectations.

— Finance Director/Treasurer

Town of Danville, CA; client since 2006

Thank you to the CAFRONLINE folks that assisted in the 2014 CAFR. You guys do an excellent job and, in fact, go above and beyond in meeting client needs and their expectations. We are very pleased to be using CAFRONLINE and will continue to work with you in the coming year. Again, thank you for all of your help and keep up the good work.

— Assistant to the Director of Administration and Finance

North Slope Borough, AK; client since 2013

This was our first year using CAFRONLINE and we were extremely happy. Overall, it shaved about three weeks off of staff time in producing the CAFR. The CAFRONLINE support team is both helpful and knowledgeable in all aspects of producing the CAFR.

— Assistant Finance Director

Indian River County, FL; client since 2014

We are ahead of last year. We issued our report last year on 3/28 and presented it to council in May… We also feel much more comfortable with the report this year because last year was rushed and we did not feel like we had adequate time to review.

In the past our auditors prepared the report and we got to see it when they are done. This is the first year that we are preparing our entire report and providing them a copy to review. I think with this being the first year, we will be even further ahead next year. We love the program!

—Accountant/Asset Manager

Foley, AL; client since 2015

We used CAFRONLINE for our 2018 CAFR. It was easy to use compared to our prior software, easy to make changes and the printed version was amazing. We should have switched years ago.

I have recommended your software to a couple of municipalities in Northern Colorado, we were all very impressed with how CAFRONLINE worked in producing our CAFR.

—Accounting Manager

City of Loveland, CO; client since 2018