Entities in Cimplico Workpapers represent distinct units such as clients, taxpayers, or legal structures. They form the foundation for organising workpapers, financial data, and group associations.
Entities can represent:
Businesses or organisations
Individuals (e.g., sole traders or individual taxpayers)
How to Manage Entities
Cimplico Workpapers offers several options to add and manage entities:
Import from integrations: Use systems like Xero or FYI to import entities.
Import manually: Add entities individually or in bulk using a CSV upload.
💡 Tip: Refer to Choosing the best method to import entities and groups to determine the optimal setup for your firm.
Key Facts About Entities
Entities can belong to groups but don’t have to: They can function independently.
Every workpaper must belong to an entity: Entities are essential for organising work.
Entities can have multiple open workpapers: This ensures flexibility in managing various jobs.
Entity Types: We follow Xero’s entity classification, which includes:
Company
Sole Trader
Partnership
Trust
Not For Profit, and more