A Materiality Limit is an optional tool in Cimplico Workpapers that helps you focus on the most important accounts in your trial balance (TB). By setting a monetary or percentage threshold, accounts with small changes or balances will be excluded.
💡 Tip: If you'd like to apply a materiality limit after a workpaper has been created, you can do this by editing workpaper settings.
How does it work?
A materiality limit applies a filter to accounts based on either:
The current year’s amount exceeding a specified monetary value.
The percentage change between the current year’s amount and last year’s amount exceeding a specified percentage.
For example:
Monetary limit: Exclude accounts with balances below $500.
Percentage limit: Exclude accounts with changes of 5% or less from the previous year.
⚠️ Note: Worksheets with checklist items will not be excluded, even if they fall below the materiality limit. This feature is only relevant for users with a trial balance (TB).