Compare trial balances
You can compare trial balances in separate engagements in Engagement Manager using Trial Balance Compare. For example, you may want to view the differences between the trial balance being used for a client’s tax return engagement with the trial balance being used for a client’s audit engagement.
note
You need to have Trial Balance Compare security permissions to use this feature.
- In Engagement Manager, open the engagement.
- Select theTrial Balancetab.
- SelectData, thenCompare.
- Select aClientand anEngagementfor theTrial Balance Source.
- Clear or mark the checkboxes forUnadjusted BalancesandJournal Entries, then selectNext.
- Import trial balance differences
- SelectImportif you want to import the differences into the current engagement. You can use this feature to make sure that changes made to the audit trial balance are picked up for the tax engagement.noteIf Engagement Manager encounters journal entries with the same reference during the import process, it will replace the entry for the client into which you're importing differences. To prevent journal entries from being replaced during this process, make sure you use unique journal entry references in the engagements you're comparing.
Example
Both the tax and audit engagement staff have added an entry with a reference of
AJE01
to their respective engagements. If you import the differences into the tax staff's engagement, Engagement Manager will replace the AJE01
entry in the tax staff's engagement.If the tax staff had used an entry reference of
TJE01
and the audit staff had used a reference of AJE01
, Engagement Manager would have kept both entries in the tax staff's engagement.
