We moved!
Help articles have been migrated to the new Help and Support. You can find help for your products and accounts, discover FAQs, explore training, and contact us!
Workpapers CS enables you to store and manage workpapers electronically, and much more.
Workpapers CS features & benefits
The following is a list of some of the significant features included in Workpapers CS.
- Take advantage of the Home, Firm, Staff, Client and Workpapers dashboard views to customize the workspace.
- View important update information via the Notices portlet on the Home dashboard, including update alerts for the application when they become available.
- Work efficiently using the application's multi-user capabilities, which enables multiple staff members to work simultaneously on data for the same client. For example, multiple staff members can work within the same tax engagement at the same time.
- Use templates to quickly set up client information.
- Use up to 20 completely customizable account segments in any order to build a robust Chart of Accounts mask that can handle up to 60 alphanumeric characters.
- Apply optional color codes to separate account segments in the Chart of Accounts mask for easy identification during data entry.
- Enable the application to automatically increment journal entry reference numbers by a specified value.
- Define balances by using any combination of adjusting journal entries and determine if the balance should be rounded.
- Set up an unlimited number of account groupings and related codes and subcodes to group accounts for reports and financial statements.
- Set up default account groupings and tax code assignments for accounts. For details, see Standard account mappings.
- Customize tax codes to control how balances flow and how subschedule detail is displayed in your tax application.
- Edit general information, assign codes (account classification codes and subcodes, M-3 tax codes, tax codes, and units), renumber, segmentize, and merge multiple accounts at the same time.
- Use the Analyze Client Activity feature to drill-down and view transaction details and track source transactions in the Trial Balance, General Ledger, and Financial Statement Worksheet.
- Record and reconcile differences between Adjusted Net Income and Tax Net Income by creating tax code adjustment entries directly to a tax code.
- Use one of the 30+ predefined tickmarks or create custom text or image tickmarks.
- Import client data from QuickBooks Online.
- Use the spreadsheet wizard to import account balances from a spreadsheet created in QuickBooks.
- Use the spreadsheet wizard to import Chart of Accounts data from a spreadsheet.
- Create customized views of client trial balance information to provide easy access to pertinent client data.
- Make adjusting journal entries directly in the Enter Trial Balance screen and view their effects on the Trial Balance in real time.
- Create Adjusting, Tax, Reclassifying, Potential, and Other adjusting entry types.
- Consolidate balances for selected clients into a single master client, by account number or by account grouping.
- Use the Transfer Client Information utility to quickly transfer setup information between clients.
- Add basic client setup information in batch format directly from UltraTax CS.
- Create engagement binders from template clients, from another client's engagement binders, or binders that are based on the folder structure in UltraTax CS or GoSystem Tax RS.
- Store virtually any type of file within an engagement binder.
- Organize and file all currently active engagement documentation in a single location.
- Drag and drop documents (from Windows Explorer) and email messages (from Microsoft Outlook) into a selected binder or folder within the Engagement Binders Tree portlet.
- Use the Engagement Binders Tree portlet to view folders and workpapers in a tree-view layout. Alternatively, use the Workpapers List portlet to display a list of all workpapers for a specific engagement binder.
- Attach notes to workpapers, folders, and engagements, and view them in the Notes portlet or the Notes List portlet. See Working with Notes for details.
- Add a scanned workpaper or append scanned items to an existing workpaper via the Add Workpaper Wizard.
- Disconnect and return workpapers in the engagement binder via the Disconnect Workpapers wizard when network connectivity is unavailable for staff working in the field.
- Add workpapers directly from PPC Checkpoint Tools into the engagement binder.
- Link engagements directly from PPC's SMART Practice Aids in the PPC tab of the Setup > Engagement Binders screen.
- Right-click a workpaper in the Engagement Binders tree and choose Protect to change the workpaper's permissions to read-only and to lock all formulas that it may contain.
- Set up an unlimited number of signoff types, and sign off on workpapers either from the Engagement Binders Tree portlet or from the Workpapers List portlet.
- Create customized Microsoft Excel workpapers by using the step-by-step instructions in the Add Workpaper wizard.
- Insert one or more workpapers from an existing binder into the current binder via the Add Workpaper wizard.
- Insert documents into the engagement binder directly from NetStaff CS portals via the File Exchange Documents portlet.
- Transmit PDF source documents for 1040 engagements from the Source Document Processing folder in the Engagement Binders Tree portlet to the Thomson Reuters network of secure data centers for Optical Character Recognition (OCR). Retrieve the PDF documents back into the engagement to separate and organize them into folders based on the type of document.
Note: The Source Document Processing service of Accounting CS is not automatically included with Software as a Service (SaaS) access; the service includes either a per-client fee or an annual renewable fee for unlimited access. For pricing details, please contact your CS Sales representative.
- Transfer 1040 engagement client source document data to UltraTax CS via the UltraTax CS Source Data Entry utility.
- Group brokerage forms, K-1s, and automatically sort Tax Organizer documents prior to source document processing in the Workpapers section on the Preferences tab of the Firm screen.
- Use the application's built-in PDF editor to make annotations (including stamps, highlights, and comments) directly in PDF workpapers.
- Install and use the Workpapers CS printer to print selected documents to the engagement binder as a PDF workpaper.
- Finalize an engagement binder to lock down all workpapers, notes, and signoffs, and to restrict any further updates.
- Roll forward an engagement binder to start another engagement for the next year.
- Check clients in and out for field audits.
- Use the Fieldwork Utility to work on a client record in the field without a network connection to the client's database at the office.
- Take advantage of the built-in calculator in the Engagement Binders Tree portlet that enables you to perform calculations in Standard or TenKey mode. When in Tenkey mode, you can copy the calculator tape directly into documents within the binder.
- Monitor and plan for future database expansion when, after opening the application, an alert message is displayed that indicates the Microsoft SQL Server Express database has reached 80 percent or more of the maximum capacity.
- Use multi-factor authentication to provide the highest level of security for your firm and client data.
- Take advantage of the firm-level security features by setting up security groups for staff working in specific areas of the application and that require a password to open the firm database.
- Modify security privileges to secure access to sensitive information by entire data-entry screens or by specific tabbed pages. For more information, enter "Security" in the search field on the application toolbar.
- Limit staff access to selected clients, including the Firm client.
- Tailor both group-level and staff-level security settings to specific engagement environments.
- Process a variety of standard reports and financial statements that enable you to provide value-added analysis for your clients. Reports can be produced as a file, sent via email, stored in FileCabinet CS, and more.
- Customize any standard report or financial statements, and create additional statements from scratch.
Convert client data from Creative Solutions Accounting (CSA), including general client information, Chart of Accounts data, engagement structure with workpapers and signoffs, and more.
Was this article helpful?
Great! Can you tell us why? (optional)
We're sorry. Can you tell us why? (optional)
Thank you for the feedback!
Related articles Getting started with Workpapers CS |
|
Continuing education and training Get the most out of your Thomson Reuters Tax & Accounting products. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Learn more. |
|
Product information and alerts |
|
Contact Support Chat - Best option for simple questions Call us at +1 800 968 0600. You might like to see our hours and menu options before calling |