Annual Comprehensive Financial Report

Budget Studio 

 

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Gravity provides a secure, collaborative and auditable platform to produce the Annual Comprehensive Financial Report (ACFR).

Gravity was developed based on the GASB 34 accounting standard, which means it is easy to incorporate changes in the accounting standard over time. The solution provides automatic mapping of the GL based on rules, making it simple to load data from your source system(s) into Gravity. Gravity also provides “automatic formatting”, to quickly generate statements and disclosures.

Gravity performs automatic transformations of the data model - making it simple to produce Governmental-wide reporting and cash flow statements.

Governmental entities of all sizes leverage Gravity’s publishing engine to produce highly formatted reports, without the need of a professional designer. Gravity is the only cloud-based platform, designed specifically for the governmental sector, that can produce desk-top publishing quality output - where the layout, images, charts and coloring are all prepared automatically with minimal user involvement.

Gravity also fully supports XBRL reporting, in full compliance with the ACFR XBRL mandate and the Florida AFR mandate. Furthermore, with Gravity, no manual tagging of the XBRL document is required. The solution automatically generates the XBRL output with the correct tags and structure.

ACFR Studio 

Simplify Your Government Budgeting Process with Gravity

You know all too well that creating, managing, and disclosing budget documents is a complex and time-consuming task.

That’s where Budget Studio by Gravity comes in. Designed specifically for government agencies, this solution streamlines every aspect of the budgeting process—from drafting and data entry to compliance and final publication. Budget Studio ensures that your budget meets local and federal standards, reinforcing financial transparency and building trust with your stakeholders.

Transform Your Budget Preparation Process

Before Gravity

 

Managing budgets manually often involves juggling spreadsheets, relying on outdated tools, and dealing with complex approval workflows. This process can lead to delays, errors, and miscommunication between departments.

 

With Gravity

Budget Studio automates and simplifies your entire budgeting process. From initial budget drafting to final publication, the platform integrates data seamlessly, automates workflows, and enables real-time collaboration across your organization. You’ll have the tools you need to create accurate, compliant, and professionally formatted budget documents—all while reducing manual effort.

    Key Features

    • Interactive Budgeting Tools: Gravity offers easy-to-use tools that enhance the accuracy and efficiency of budget creation and management. You can easily adjust budget data and review scenarios based on your agency’s specific needs.

    • Automated Workflows: With Gravity, the entire budgeting process is automated—from preparation to approval. Budget submissions move through an efficient, predefined workflow, ensuring timely reviews and approvals.

    • Collaborative Environment: Budget Studio fosters seamless communication and collaboration between departments and stakeholders, with real-time updates and version control, making the entire process more transparent.

    • Customizable Reporting: Create budget books that meet your agency’s unique requirements, from compliance standards to visual formatting. Gravity’s flexibility allows for tailored budget reports that maintain consistency across all sections.

    • Multi-format Publishing: Publish your budget documents in both digital and print formats, ensuring accessibility and compliance with ADA standards. Gravity’s publishing engine produces reports that meet professional design quality, with no need for a designer.

    Key Benefits

    • Ensure Compliance and Transparency: Gravity’s built-in compliance features ensure your budget documents adhere to GFOA standards, local regulations, and federal mandates, fostering greater financial transparency.

    • Centralized Data Collection: Gravity organizes budget information by dimensions—such as object, fund, and department—allowing you to pivot and structure the data as needed, while automatically creating detailed tables and charts.

    • Save Time and Reduce Complexity: Gravity automates key parts of the budgeting process, reducing manual data entry and eliminating the need for tedious formatting. You’ll be able to produce polished, professional-quality budget books faster and with less effort.

    • Integrated Budgeting Capabilities: Gravity supports various budgeting methodologies—including incremental, zero-based, and performance-based budgeting. You can incorporate performance measures, analytics, and supporting documents for a comprehensive view of your budget.

    • Real-time Collaboration: Multiple users across your organization can participate in the budgeting process with secure data collection templates, ensuring everyone stays aligned and up-to-date throughout the process.

    Why Gravity is Right for You

    Budget Studio by Gravity is more than just a budgeting tool—it’s a complete solution tailored to the needs of public sector finance and accounting professionals. By automating the most tedious parts of the budgeting process and ensuring compliance with local, state, and federal regulations, Gravity helps you create detailed, professional budget books with ease.

    Streamline your budget preparation process and focus on strategic decision-making. With Budget Studio, you can ensure your agency’s financial transparency and compliance while saving time and effort on the technical aspects of budget creation and reporting.