Reconciling a worksheet

There are 3 main steps to completing a worksheet:

1. Reconciling the worksheet
2. Resolving checklist items
3. Resolving internal comments/client queries

This and the next lesson will focus on completing the first step: Reconciling a worksheet.

To begin, head to a worksheet and ensure you are on the Entries tab.

Why reconciling?

In Workpapers, to reconcile a worksheet you add entries, with each entry having a debit/credit amount, that when summed should reconcile with the account's current amount. The remaining unreconciled amount can be seen in the header on the right-hand ride. The amounts entered on an entry should be accompanied by one or more files as part of the evidencing process. Let's create a new entry!

Creating an entry

Click the New entry button to create a new entry. A row will appear in the entries table with the following:

• Date: The date defaults to the workpapers period end date, but this can be changed to match the date of the attached file(s).
• Reference: Auto-assigned reference number. This will become useful when referring to specific entries in internal comments.
• Description: A short description of the entry to provide context.
• Files: One or more file attachments that evidence the entry amount.
• Amount: A debit/credit figure that contributes to the current amount.

Only a date and amount is required to create an entry. Files can be added at any time. The process of adding files to a worksheet is covered in the next lesson.

Selecting an entry/entries via the checkbox, allows you to edit or delete an entry/entries.

Quick entry

The quick entry button is a shortcut to create a new entry with the amount pre-filled to the unreconciled amount. When you click the quick entry button, a new row will appear with the amount pre-filled, allowing you to add a description and files, and update the date if required.