GRAP Financial Statements
Automate compliant Public Sector reporting
GRAP Financial Statements enable public sector finance professionals to automate the preparation of GRAP financial statements.
This solution is designed for public entities, TVET colleges, municipalities, municipal entities, constitutional entities, legislatures, and trading accounts. Preparers can easily modify all elements of the statements, notes, and disclosures with extensive configuration options, including flexible lead sheets and support for various Standard Chart of Accounts to simplify mapping and account assignment. This supports a structured reporting process and helps teams prepare for external audits.
Key features that support GRAP compliance
GRAP compliance
Automate and update the financial statements to the latest relevant Standards of GRAP.
Seamless data imports
Import a trial balance or general ledger details from over 60 accounting packages, Excel, CSV, and ASCII.
Built-in consolidation
Aggregate many trial balances from various General Ledger Systems to simplify group reporting in a central platform.
Automation
Drive continuity from one data source across all statements, notes, disclosures, and working papers.
A smarter approach to Public Sector reporting
By leveraging extensive built-in logic, teams can increase efficiency through automated roll-forwards and standardised reporting categories that align with public sector requirements.
Benefits for better oversight and reporting
Enhanced efficiency
Automate reports and lead sheet schedules with simplified account assignments to reporting categories.
Simplified mapping
Configure the financial statements to meet specific requirements using built-in automation creation features.
Enhanced oversight
Create, assign, track issues and review notes, monitor to-do lists, manage, review and approve using up to 8 sign-offs.
Year-on-year efficiency
Leverage built-in logic to roll-forward selected client information, reducing manual setup for each new period.
How to use GRAP Financial Statements
Follow a simple process to import, configure, review, and roll forward your public sector financial statements.
Import
Bring in your trial balance or GL details from your accounting system.
Map accounts
Use the simplified assignment features to map your chart of accounts to GRAP reporting categories.
Configure statements
Use built-in automation features to tailor disclosures and notes to your specific entity type.
Review & track
Use the issues and review notes system to manage tasks and provide necessary sign-offs.
Roll forward
For subsequent periods, roll forward the file to retain mappings and structural configurations.
Import Data: Bring in your trial balance or GL details from your accounting system.
Map Accounts: Use the simplified assignment features to map your chart of accounts to GRAP reporting categories.
Configure Statements: Use built-in automation features to tailor disclosures and notes to your specific entity type.
Review and Track: Use the issues and review notes system to manage tasks and provide necessary sign-offs.
Roll Forward: For subsequent periods, roll forward the file to retain mappings and structural configurations.
Automate Compliant Public Sector Reporting
GRAP Financial Statements enable public sector finance professionals to automate the preparation of GRAP financial statements. This solution is designed for public entities, TVET colleges, municipalities, municipal entities, constitutional entities, legislatures, and trading accounts. Preparers can easily modify all elements of the statements, notes, and disclosures with extensive configuration options, including flexible lead sheets and support for various Standard Chart of Accounts to simplify mapping and account assignment. This supports a structured reporting process and helps teams prepare for external audits.