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.

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

VIEW OUR PRODUCT DEMO
YouTube Demo — TRS

Thank you, TRS, for your help with our fiscal year 2020 annual report and our new Community Redevelopment Agency financial statements. For the second year in a row during the pandemic we were able to release our annual report before the deadline. —Financial Reporting Manager City of Orlando, FL

As the SR Manager of Accounting Operations for a large public school district, there was a need for a solution to streamline our annual reporting and TRS was just the tool. TRS has allowed our team to be more analytic in their approach to audit. —Sr Manager Accounting Operations, OTC Denver Public Schools, CO

The City of Virginia Beach used the Reporting Solution for the first time for our 2018 Annual Report. The transition to their application was seamless. They truly care about helping us meet our reporting needs and they are there to answer any of our questions 24/7. We have recommended the Reporting Solution to a number of localities around us. Their product and service is top notch —Principal Accountant City of Virginia Beach, VA

The implementation process was thorough and efficient with training specific to our requirements. Thales Consulting support is very responsive and professional, especially when it comes to approaching deadlines, and includes a help section that is constantly evolving with documentation as well as videos. Our auditors appreciate the efficiency that TRS provides to our audit process. TRS is the perfect solution to provide innovation. —Sr Manager Accounting Operations, OTC Denver Public Schools, CO

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.

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

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.

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

The City of Virginia Beach used the Reporting Solution for the first time for our 2018 Annual Report. The transition to their application was seamless. They truly care about helping us meet our reporting needs and they are there to answer any of our questions 24/7. We have recommended the Reporting Solution to a number of localities around us. Their product and service is top notch.

—Principal Accountant

City of Virginia Beach, VA; client since 20xx

As the SR Manager of Accounting Operations for a large public school district, there was a need for a solution to streamline our annual reporting and TRS was just the tool. TRS has allowed our team to be more analytic in their approach to audit.

The implementation process was thorough and efficient with training specific to our requirements. Thales Consulting support is very responsive and professional, especially when it comes to approaching deadlines, and includes a help section that is constantly evolving with documentation as well as videos. Our auditors appreciate the efficiency that TRS provides to our audit process. TRS is the perfect solution to provide innovation.

—Sr Manager Accounting Operations, OTC

Denver Public Schools, CO; client since 20xx

Thank you, TRS, for your help with our fiscal year 2020 annual report and our new Community Redevelopment Agency financial statements. For the second year in a row during the pandemic, we were able to release our annual report before the deadline.

— Financial Reporting Manager

City of Orlando, FL; client since 20xx