Split-up Accounts
In similar fashion to grouping accounts, Working Papers allows you to split up accounts on the trial balance (e.g. breaking up a client supplied account into taxable and non taxable portions) for better granular control of account data throughout the entire engagement.
To help manage split-up accounts, Working Papers provides two warning symbols that display beside the account number in the working trial balance screen:
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Displays if the split-ups are not balanced when exiting the Split-up Account dialog. |
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Displays if the parent account's balances change and the split-ups have not yet been reviewed. Where an adjustment is posted to a split-up account, the parent account is automatically updated as well and this warning is not displayed since both parent and split-up accounts are balanced. |
To clear either of these symbols, review the balances and make any changes, if necessary.
Notes:
- You have the option to have Working Papers notify you if your split-up accounts are not balanced. This option is available through Tools | Options | Advanced | Split-up.
- Split-up accounts must have the same account properties as the main account. Changing the account properties may lead to errors in the amounts displayed through CaseView linkages.
- Any change to the parent account will not be reflected on automatic documents until the split-up accounts are opened.
- Split-up accounts can have their own period balances. For each split-up account you create, specify the period date sequence such as Yearly, Monthly, or Quarterly, etc. from the drop-down menu.
- A listing of existing split-up accounts displays, which can be sorted by account number or account name. An up or down arrow icon appears at the right end of the column head to indicate by which category and in which direction the table is sorted. To change the way the table is sorted, click the appropriate column head. Click again to change direction.
