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:
Depending on their type, trial balance groups are used for different
purposes.
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:
There is no dependency between separate trial balances. No control is
exercised between the parent and child nodes.
Trial balance subreports for consecutive non-overlapping periods, such
as monthly or quarterly trial balances.
In the series subreport type, the parent trial balance controls the
following:
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.
Parent trial balance values are calculated as:
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.
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.
The parent trial balance is formed from its child trial balances.
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.
Parent trial balance values are calculated as a sum of the child trial
balance values.
Circle charts are used for graphic presentation:
Each subsequent child trial balance incorporates the previous one, i.e.,
they share one and the same Opening balance.
In the accumulative subreport type, the parent trial balance controls
the following:
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.
Parent trial balance values are calculated as:
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.
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.
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.
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: