AFS automation e-solution
Dynamic AFS provides a centralised cloud-based mapping and reporting solution whereby it links and map your trial balance to allow for an automated population of related statements (position, performance, cash flow, etc) and your disclosure notes within the Annual Financial Statements. This option can be tailored according to the reporting frameworks (e.g. GRAP, IPSAS, MCS) and regulator environment (e.g. PFMA, MFMA, TVET Colleges, etc.). In addition to annual financial statement automation, DynamicAFS also allows for automation of interim financial statements as well as management accounts (per structured data sets).
We also have a bespoke edition to cater for South African Municipalities, which utilise the National Treasury mSCOA regulations and applicable GUIDS on the mSCOA Trial Balances, to update the municipal set of automated AFS.