Product Overview
- Use Xero data to verify your clients' financial details.
- Collect and store information, assign work and track progress.
Workpapers is a tool that integrates with Xero to help you create workpapers, allowing for faster and more automated audits of financial details. Manage your practice’s digital compliance workflows, including customised work programs and client queries.
- Set up workpaper packs
- Auto-populate working papers and assign to staff.
- Analyze Xero data
Access and validate trial balances from Xero.
- Gather client information
Request documents and other details from clients.
Track progress- See who’s assigned to workpapers and their status.
Specifications
Set up workpaper packs
Choose and create workpapers using trial balance information
from Xero
- Set materiality thresholds at the practice level or for
individual workpapers
Assign workpaper packs to staff with start and stop dates for a job
Analyze Xero data
- Validate the information and investigate errors
- View the previous and current financial year's closing balance from the client’s chart of accounts
- Access Xero reports and review and enter supporting balance figures to reconcile the Xero balance
- Gather client information
- Send standard queries that come with Xero Workpapers to clients, or create your own
- Link queries to a workpaper and keep track of them
- Upload and attach, or link documents to a workpaper
Track progress
Turn on email notifications for workpaper packs you or your
team are working on
See workpaper alerts in the Xero HQ activity list
Mark individual workpapers as reviewed and check review
status
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