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The name of this tab depends on whether you’re licensed for Workpapers. If you are licensed for Workpapers, it is the Workpapers tab. Otherwise, it is the Trial Balance tab.

The Trial Balance (Workpapers) tab displays the financial periods created for the selected client and the properties of each period. A list of the To Do items associated with each workpaper period are also displayed.

The tab is divided into the following sections:

Select Period

The Select Period table displays all the workpaper periods that have been created for the selected client.

The status for a workpaper period can be:

  • Not Started

  • In Progress

  • Completed.

The Add period option on the Tasks bar enables the addition of a new workpaper period. See Adding a new period.

The Open period option on the Tasks bar enables a period to be opened. See Opening an existing period.

Configured Ledger Details

The Configured Ledger Details section displays information on the type, name, current year start date and current year end date of the configured ledger. This section appears after a ledger has been configured. (See Configuring a ledger.)

Status of Selected Period

The Status of Selected Period section displays information about the period which is selected in the Select Period table. See Creating and opening workpaper periods.

To Do items

To Do items enable tracking and management of the workpapers tasks that are being worked on. The To Do items which have been created for workpaper periods for a selected client are listed in the To Do table of the Trial Balance (Workpapers) tab. The To Do item should be given a subject description that is unique so that it can be easily identified.

See To Do items for more information.

The status of a To Do item can be:

  • Not started

  • Planned

  • In Progress

  • Complete

  • Risk

  • Problem.

The status is used to indicate progress on the To Do item to other staff members.

Tasks bar options on the Trial Balance (Workpapers) tab

 

Option

Description

Add period

Add a new workpaper period.

See Adding a new period.

Open period

Open an existing workpaper period.

See Opening an existing period.

Delete period

Delete a period (for example, if an error has been made when creating a workpapers period).

See Deleting a period.

Define GST accounts

Select the accounts where amounts for GST  Collected and GST Paid will be recorded.

This option is not available if you have an AE/AO Ledger or Cashbook ledger.

Import client file

Import an MYE file and load data from a ledger that cannot be directly connected to.

See Importing data.

Update GST chart

Updates the entire Chart of Accounts with GST codes from the imported legacy ledger, based on the ledger name of your legacy application. This feature should only be used for ledgers imported prior to 2016.2.

If there are multiple ledgers with the same name, you will be prompted to select the correct ledger.

If there are more than 100 account codes, this process may take a few minutes.

Manage accounts

For AE/AO ledger you can add, edit and delete accounts from one location. You can also add, edit and delete account type groups.

See Managing accounts for AE/AO ledger.

Define balance forward accounts

Nominate balance forward accounts for source accounts.

See Defining Balance Forward Accounts.

Edit Configuration Details

Select a location for the client’s general ledger.

See Setting up Client Accounting.

Perform Opening Review

Compare the account balances from the current general ledger product with the corresponding account balances in the client's AccountRight file.

See Comparing your balances to your client's.

Modify Prior Year Balances

Enable adjustments to be made to the prior year balances that are stored within a configured AccountRight ledger.

See Modify prior year balances.

Launch ledger

This option on the Tasks bar enables you to open your Ledger application. You can make changes to the client’s general ledger whilst accessing their information in Client Accounting.

See Launching a ledger.

Create new AE/AO Ledger

This options enables you to create a new AE/AO Ledger using Essentials Cashbook.

See Creating and viewing your client's AE/AO ledger.

Define Income Allocation

This option enables you to allocate profit or loss from a business between partners or unit holders.

See Defining income allocation.

View AE/AO ledgers

This option enables you to view the details of your AE/AO Ledger.

See Creating and viewing your client’s AE/AO ledger.

Delete AE/AO ledger

This option enables you to delete an AE/AO Ledger.

See Deleting a ledger.

Remove Configuration Detail

Removes the configuration details from a configured ledger for a client. If no ledger is configured, this link is disabled.

Migrate to AE/AO ledger

This option enables you to migrate your existing AO Classic, Accounts (Australia), or MAS general ledgers to an MYOB AE/AO ledger.

See Migrating to an AE/AO ledger.

Migration summary

Show the status of a migration to AE/AO ledger.

View migration log

View the migration log for any ledger that has been migrated. The migration log lists any errors or warnings that should be fixed or taken into consideration.