Trial Balance

Assign account types in Engagement Manager

There are 5 types of accounts in Engagement Manager:
Asset (A), Liability (L), Equity (Q), Revenue (R), Expense (E). Engagement Manager uses the R and E account types to calculate the net income (loss) for a trial balance and to calculate the Net Income variable in workpapers. Engagement Manager assigns the account type based on the account classification grouping code that you assign to that account.
Existing accounts
To assign an account type to an existing account, you can use one of these methods:
  • Import trial balance data.
    You can assign Account Classification grouping codes when you map column information during the spreadsheet import process.
  • Assign account classification grouping codes to accounts.
    1. Open the engagement and select the
      Trial Balance
       tab.
    2. Select the appropriate trial balance view from the
      Custom View
       dropdown.
    3. In the Account Classification column, double-click the cell for the account and select the applicable code and subcode from the dropdown list.
New accounts
To assign an account type to a new account:
  • You can assign account classification grouping codes when you add an account to a trial balance.
  • You can import the Account Classification account grouping if it's not already included in your engagement.

This article applies to:

  • PRODUCT: Cloud Audit Suite
  • Subject: Trial balance