• Trial balance subreport
  types
  • No dependency
  • Series
    • Notifications
    • Consolidate
    • Application
      example
  • Subset
    • Notifications
    • Consolidate
    • Application
      examples
  • Accumulative
    • Notifications
    • Consolidate
    • Application
      examples
  • Combining different subreport
    types
• Consolidate

AuditDesktop allows you to add multiple Initial trial
balances, organised in a hierarchical way.

Using the toolbar, you can Import
and Edit trial balances, in the same way as in the
Trial balance tab. The other available functions are:

• Edit groups
• Consolidate 
• Print on a template
• Refresh data

Depending on their type, trial balance groups are used for different
purposes.

Trial balance subreport types

The subreport type is set at the parent node; it defines the child node
dependencies. The behaviour of "Consolidation" and "Notification"
functions depends on the subreport type that is set. Notifications
appear as change in the cell's background colour of the parent trial
balance. When you place the cursor in the respective cell, the program
will display information about the respective notification.

AuditDesktop supports the following trial balance subreport types:

• **No dependency
  **
• Series
• Subset
• Accumulative

No dependency

There is no dependency between separate trial balances. No control is
exercised between the parent and child nodes.

Series

Trial balance subreports for consecutive non-overlapping periods, such
as monthly or quarterly trial balances.

Notifications

In the series subreport type, the parent trial balance controls the
following:

1. The Closing balance of one period corresponds to the Opening balance
   of the subsequent period or there is a missing sum in a given
   period. The notification is displayed over the account's code and
   name.
2. The opening balance of the first trial balance corresponds to the
   opening balance of the parent. The notification is displayed in the
   Opening balance' cells.
3. The sum of the child trial balances' Turnovers is equal to the
   parent Turnovers. The notification is displayed in the Turnovers'
   cells.
4. The Closing balance of the last trial balance is equal to the
   Closing balance of the parent. The notification is displayed in the
   Closing balance' cells.

Controls 1-3 are valid only for the six-column trial balance
representation format. Engagement trial balance format is set in the
Accounting settings section.

Consolidate

Parent trial balance values are calculated as:

• Opening balance = Opening balance of the first trial balance
• Turnovers = sums of the Turnovers of all trial balances
• Closing balance = the Closing balance of the last trial balance

In one-column trial balance representation format, you can transfer
only the Closing balance of the last trial balance. Engagement trial
balance format is set in the Accounting settings section.

Application example

Analysis of changes in Turnovers of a selected account over predefined
periods. For a graphic presentation of these changes, select an account
and open the Chart tab.

Subset

The parent trial balance is formed from its child trial balances.

Notifications

Control is performed in the parent trial balance so that the parent
trial balance values are equal to the sum of its child trial balances.

Consolidate

Parent trial balance values are calculated as a sum of the child trial
balance values.

Application examples

• Statement consolidation (used in combination with eliminations)
• Trial balance consolidation for different activities in the budget
  sector

Circle charts are used for graphic presentation:

Accumulative

Each subsequent child trial balance incorporates the previous one, i.e.,
they share one and the same Opening balance.

Notifications

In the accumulative subreport type, the parent trial balance controls
the following:

1. The Opening balance of the first trial balance corresponds to the
   Opening balance of the parent. The notification is displayed in the
   Opening balance' cells.
2. Turnovers and Closing balance of the last trial balance is equal to
   the Turnovers and Closing balance of the parent. The notification is
   displayed in the Closing balance' cells.

In the one-column trial balance representation format, the Closing
balance control is applicable. Engagement trial balance format is set in
the Accounting settings section.

Consolidate

Parent trial balance values are calculated as:

• Opening balance = Opening balance of the first trial balance
• Turnovers and Closing balance = Turnovers and Closing balance of the
  last trial balance

In one column trial balance representation format, you can transfer
only the Closing balance of the last trial balance. Engagement trial
balance format is set in the Accounting settings section.

Application examples

An application example is the intermediate audit, before the end of the
audit period. In this case, for trial balance values are entered those
of the intermediate and the entire period.

Combining different subreport types

The program allows its users to combine different subreport types.

For example: an intermediate audit setup, with an analysis of the
company's activity during the year.

Consolidate

During consolidation, the trial balance is formed on the basis of its
child trial balances, depending on the selected subreport type.

You can choose which data to be transferred from the child trial
balances:

• Initial TB - takes Initial trial balance as output data
• Initial TB and Misstatements - takes Initial trial balance as
  output data and copies all misstatements entered in the child trial
  balances
• Adjusted TB - takes Adjusted trial balance as output data
• Adjusted TB and Reclassifications - takes Adjusted trial balance
  and copies all reclassifications entered in the child trial balances
• Final TB - takes Final trial balance as output data
• Final TB with Eliminations - takes Final trial balance as output
  data and applies all eliminations entered in the child trial
  balances