The trial balance in Cimplico Workpapers provides a complete, organised view of all accounts within a workpaper, serving as the central point for your work. It’s not just a list of accounts—it’s a streamlined approach to documenting, verifying, and reviewing financial data.
Why import the trial balance into Cimplico Workpapers?
You might wonder: Why use Cimplico for the trial balance instead of viewing it directly in the client’s file?
While the data is sourced from the client’s file (e.g., Xero or CSV), Cimplico adds value through:
Better Organisation: Link files, comments, and client queries directly to specific accounts, creating a centralised system to track progress and manage tasks.
Greater Clarity: Accounts are categorised by status—excluded, in progress, prepared, or reviewed—offering a clear view of what’s been addressed and the current state.
Reduced Errors: Syncing data directly from source software eliminates the risks of manual copying errors.
Enhanced Efficiency: Filtering, sorting, and colour coding simplify your workflow, saving time and improving focus, especially with large account volumes.
Defined Roles: Assign accounts to specific users, ensuring accountability and structured collaboration.
Data Sources
The trial balance in Cimplico Workpapers can be sourced in two ways:
Manually via CSV:
Import a CSV file to populate the trial balance.
Update the CSV as needed to reflect changes in data.
Integration with Xero:
Sync the trial balance directly from Xero.
Ensures real-time updates with minimal manual input.
Reduces errors and streamlines workflows for ongoing client files.
💡 Tip: If you’re new to the trial balance in Cimplico Workpapers, these resources can help:
Creating a workpaper: Learn how to create a workpaper including adding a trial balance and selecting the data source.
Navigating the Trial Balance: Learn how to efficiently search, filter, and sort accounts in the trial balance.
Updating the Trial Balance: Learn how to update data in your trial balance.