Term

Definition

Use Case

Group

A collection of entities managed together in Cimplico Workpapers.

Organise related entities, such as a family group or commercial group, for coordinated oversight.

Entity

A distinct unit within Cimplico Workpapers used to represent a client, taxpayer or legal structure.

Create entities to represent clients, taxpayers, or legal structures, such as “The Demo Trust” or “The Demo Company.”

Workpaper

A structured job or engagement in Cimplico Workpapers, requiring reconciliation, evidence collation, or verification.

Manage engagements like annual compliance (financial statements & income tax returns) and business activity statements with workpapers.

Firm Roles

Level of access and responsibilities assigned to individuals within a firm. These roles govern how users can manage entities, groups, and firm-wide settings.

Assign firm roles like Administrators, Managers, and Users to control firm-wide access effectively.

Term

Definition

Use Case

Calculations

A structured form in Cimplico Workpapers designed for numerical calculations, incorporating pre-built formulas and linked cells.

Perform tasks such as calculating a company’s income tax expense or verifying GST balances with Calculations.

Checklists

Tasks to complete or mark as not applicable at the worksheet level.

Ensure that steps, such as attaching bank statements to all bank accounts, are completed for each worksheet.

Client Queries

Requests tracked at the worksheet or workpaper level to manage client follow-ups for documents or clarifications.

Record and organise client queries to request missing documents or confirm balances efficiently.

Default Worksheet

Worksheets linked to accounts in the trial balance, requiring reconciliation to ensure accuracy.

Verify and evidence accounts in the trial balance, such as interest received, accounting fees, or plant & equipment.

Generic Worksheet

Flexible worksheets used for evidencing and verifying topics that do not require reconciliation.

Store supporting documentation, such as final copies of financial statements or completed tax returns.

Internal Comments

Notes added at the worksheet or workpaper level for team communication, providing context, review points, or additional information.

Document discussions, highlight review points, or clarify adjustments to enhance collaboration.

Procedures

Tasks assigned to the workpaper as a whole, to be completed or marked as not applicable.

Standardise general processes such as preparing management letters or sending payment slips to clients.

Journals

A record in Cimplico Workpapers used to document accounting adjustments made during the completion of workpapers.

Record end-of-year tax bills, allocate distributions, or reclassify transactions.

Workpaper Roles

Permissions assigned to a user for a specific workpaper, determining their ability to perform tasks such as reviewing and approving, independent of their firm-wide permissions.

Assign workpaper roles to ensure only authorised users can review or approve a workpaper, while other team members focus on preparation or supporting tasks.

Worksheets

A component of a workpaper used for evidencing and verifying a particular topic, either with a default worksheet or generic worksheet.

Complete a workpaper by combining default worksheets to reconcile trial balance accounts and generic worksheets to document and organise additional supporting evidence.