Benefits of Using FRS

Achieves the quality that you desire at a lower cost
•  Providing annual and financial reports in an excellent and well presented format
•  Reducing the turnaround time of producing annual and financial reports
•  Reduce number of drafts to a target of three (pre-audit, audit adjustments, final tax
   adjustments)
•  Reducing your financial reporting preparation costs
•  Allocation of general ledger account ensures consistency from year to year
•  Flexibility of wording while maintaining integrity of numbers
•  Automatic note number references
•  Automatic link between numbers (such as note to balance sheet)
•  Automatic rounding
•  FRS prepares the cash flow statement using their proprietary “FRS CFLOW” tool
•  The FRS System has been extensively tested over a wide range of clients

 
True integration with audit and tax
•  Auditors provided with audit lead schedules (exported to Excel for their convenience)
•  Auditors receive draft annual or financial report prior to their post year end audit
•  Draft tax position for tax agent

Reduces staff issues
•  Eliminates the technical burden of keeping your staff up-to-date on financial reporting 
   requirements
•  Freeing up staff time in the current climate of full employment