Skip to main content
Release Notes
Search
Search SurePrep Support Help and Support.

This article applies to:

  • Product: SurePrep

Two Year Comparison (TYC) checklist

The Two-Year Comparison (TYC) checklist gives you the ability to compare the current year’s (CY) tax return amounts with the prior year's (PY) amounts. A side-by-side comparison helps you detect any differences that stand out. 
The client's data is imported into the Two Year Comparison Leadsheet in SPbinder - which can then be seen in the
Two Year Comparison
 checklist.
As a firm user (firm partner, signer, or reviewer, etc.), the TYC checklist is key to optimizing your time, accuracy, and performance. You save time reviewing clients' data in the web browser without opening a binder for each client. You can improve your accuracy and performance by catching any irregularities. If a W-2 form is incorrectly captured or missing, you will notice a considerable difference in your client's Income for the current year.
  1. Open FileRoom and find a binder you would like to open the Two year comparison for.
    note
    The Two year comparison feature's availability will depend on the binder's current stage in the process. You can select the
    Preparation/Review/Finalization
     tab to exclusively view elligible binders.
    Select Prepare/Review/Finalization
  2. Select the
    More Options
     menu, then select
    Review Module
    .
    Select Review Module
  3. The
    Review Module
    for the selected binder will open in a new tab of your browser.

Two year comparison (TYC) checklist

Go to a client's checklist, and select
TWO YEAR COMPARISON
.
note
The
Two Year Comparison
 checklist only appears for clients with Leadsheet binders in FileRoom.
When viewing the
Two Year Comparison
 checklist, you may want to get more screen space and minimize horizontal scrolling.
Select
Collapse
 to hide the 1st panel.
Drag the 
Panel Resize
 to the left or right to resize the panels as desired.
The prior year and current year amounts will appear in the middle panel. A side-by-side comparison will help you review any variances.
You will see the following columns for review:
Column
Description
[Current Year]
The current year's amounts and details.
[Prior Year]
The prior year's amounts and details.
Difference
The difference is based on amount value.
Difference %
The difference is based on percent.
Missing
The number of prior year accounts that are missing in the current year.
Received
The number of prior year accounts that are also received in the current year.
N/A
The number of prior year accounts missing in the current year. However, the client has made sure that the accounts are not applicable this year.
New Accounts
The number of new accounts that was received this year for the 1st time.
Comments
The comments added to the row in the binder. 
You can also focus on certain amounts based on the margin of error. On the upper right section, enter the percentage amount or drag the slider on top to filter the amounts to show amounts greater than a certain percentage amount.
To show or hide columns, select
Column Management
 then:
  • Select the checkbox to show the columns
  • Clear the checkbox to hide the columns
Certain mandatory columns are locked and can't be hidden.
You can also resize column widths for certain columns. Place the cursor in the middle of 2 column headers, when the icon changes, select and drag your cursor back and forth.
To inspect where the amounts originate from, select an amount in the middle panel to see full details in the last panel.
On the
DETAILS
 (last) panel, select the Reference Link (blue hyperlink with an underline) to where the amount is referenced. The Reference Link will show the Leadsheet for that specific line.
As you go through each category and review, select
Show
 or
Hide
 to expand or collapse a category. You can collapse or expand each category to view and focus on the next section. 

Updating amounts

During your review, if you notice amount differences that need to be corrected, open SPbinder then:
Leadsheet type
Steps
Classic
1. Update/Correct the details in the
FORMS
tab
2. Export the changes to the tax software (via
Export to Tax
or
Live Sync
)
Simplified
1. Update the amounts in your tax software
2. Go into SPbinder and complete
Import TR
.
You should see the new amounts in your SPbinder Leadsheets. If you don't see the new amounts, try
Recalulate
.
After you're done updating the values, select
Refresh
 to see the updated values.
Select
Refresh
 if you made any of the following updates in SPbinder:
  • Add, edit, or delete the data in the forms in SPbinder (For Classic Leadsheet)
  • Whenever import TR updates (manual import TR or auto import TR) are made
  • Add documents with or without OCR
note
  • It may take a few minutes for the updated values to appear in the Two Year Comparison checklist.
  • If the values don't update after refresh, close the binder then try refresh again.
  • After TYC checklist was marked as reviewed, if then the binder is modified/updated, then refresh will revert the Two Year Comparison checklist as unreviewed for each user.
Once the amounts are updated, you will see the last calculated date and time.

Mark the Two Year Comparison checklist as complete

Once you're done reviewing the amounts and are ready to sign off, select
MARK ALL AS REVIEWED
.
The
TWO YEAR COMPARISON
 checklist status will change from (Needs Review) to (Complete) after you select the checklist as reviewed.
Unlike other checklist items, the
TWO YEAR COMPARISON
 checklist will be marked complete on a user level. Only you can see the TYC checklist that you marked as
Complete
 and the percentage update for TYC.
note
Marking the TYC as reviewed only marks the checklist item as reviewed. It won’t sync back to SPbinder and mark the Two Year Comparison Leadsheet as Reviewed.

Requirements

Your client's binder must meet the following requirements for you to see the TYC checklist appear:
Binder Type
  • 1040
Tax Years
  • All
Binder Status
  • Blank (no status assigned)
    • SP Processing and In Verification status must be completed
  • Custom statuses
Leadsheets
  • Classic
  • Simplified
Services
  • Outsource (Onshore & Offshore)
  • 1040SCANverify (Onshore & Offshore)
  • 1040SCAN PRO
  • 1040SCAN ORGANIZE
  • SPbinder
Tax Software
  • GoSystem Tax RS
  • CCH Axcess Tax

Related Content

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close