Trial Balances and Journals
Last update:CCH Audit Automation
Integration with CCH Accounts Production
The document outlines the procedures for transferring data between CCH Accounts Production and CCH Audit Automation, emphasizing scenarios where nominal codes match and do not match. It details steps for importing trial balances, updating journals, and creating necessary file structures for data exchange. Users are guided through setting up exports and imports, with specific instructions for managing discrepancies in nominal codes. The document includes screenshots for clarity and provides troubleshooting tips for errors encountered during the transfer process.
CCH Audit Automation
Trial Balances
The document details procedures for managing a trial balance (TB) using a software system. It covers how to clear and reset the current year's TB, estimate figures based on previous data, and manage multiple TBs for a client. Key functionalities include confirming clear actions, estimating with inflation adjustments, and consolidating multiple TBs with defined conversion factors. Users can also import TBs from various audit packs, print reports, and manage journal entries, ensuring accurate account consolidation. The guidance is comprehensive, designed for efficient financial data handling within a multi-TB environment.
CCH Audit Automation
Moving Forward to Next Year
This document provides a detailed guide on how to balance forward an audit client to the next year using CCH Audit Automation. Key steps include ensuring the completion of the audit, selecting the 'Balance forward' option, and confirming data integrity checks. Users are offered options for setting new test budgets based on past evaluations or actual time taken. The document also addresses handling missing documents, rebuilding audit checklists, and updating audit programs linked to the master pack, thus facilitating a smooth transition for the upcoming audit year.
CCH Audit Automation
Journal Export File Definition
This document outlines the process for defining the format of the journal posting file in a system, which includes three sections: export header, export transactions, and export footer. It explains how to edit these sections via the Control option in the Pack window, detailing the fields available for export, including user-defined texts and transaction-specific codes. The document includes examples of an export file definition for integration with the PROcap system, explaining the required formats and output handling, such as line-separated versus CSV formats. It emphasizes that the export definition is stored within the system after initial setup.
CCH Audit Automation
Importing data from third party systems
The document details the CCH Audit Automation's user-defined mapping and import facilities, allowing data importation from third-party systems, including printed reports. It explains creating, editing, deleting, and managing mapping files and import definition files, including customizing formats for different file types. Users can import financial data, generate verification reports, and view or print imported data details. It also describes options for transferring mapping and definition files between clients and systems, ensuring flexibility in data management within the audit process.
CCH Audit Automation
Generate Journal Posting File
This document outlines the procedures for entering audit journals using Audit Automation, particularly for users integrating with an accounts production package. It details how to generate posting files for agreed journals, which can be imported into accounting systems to create revised draft accounts. It explains the creation of general and specific posting files, including naming conventions and formats. Additionally, it mentions the integration with CCH Accounts Production for streamlined data transfer.
CCH Audit Automation
Estimate Current Year's TB
The document provides instructions for estimating a TB (Trial Balance) using a software tool. Users are advised to select the estimate button from the Utilities menu, input the required percentage, and then click "OK" to override the existing TB figures with the new estimates. An illustrative image accompanies the instructions for better understanding.
CCH Audit Automation
Data Entry
The document details the functionality of the Data Entry menu in a financial software system, which includes inputting current and prior trial balances (TB), importing data, and managing audit journals. Users can enter and edit trial balances for the current and previous years, ensure they balance, and print various reports. The audit journals feature allows for recording adjustments, reclassifications, and potential misstatements during audits. The system supports navigating, editing, and exporting journal entries in CSV format, facilitating efficient financial data management and reporting.