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| Workpaper file linked with source documents
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| Connect with Accounting firms (your clients)
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| Connect with all your practice clients
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| Risk Matrix - Set Risk Matrix at the Audit firm level & also can be changed at job level. Helps you to instantly view the complexity of the audit and to plan the assignment of audits.
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| Materiality Assessment - Set materiality at the audit firm level & also can be changed at job level. Materiality defined in four ways as Overall Materiality / Class of Balances / Performance / Trivial Balances
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| Analytical Procedure - Gives you a quick overview of variance between current & previous financial year. Also allows to flag if items are of material with your comments
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| Including Pension Minimum & Maximum / Contribution Cap Limit / Work Test / Negative Bank Balance / Reverse Balance / Income Comparison / Market Value Comparison / Rental Income / Benefits Paid to Member / Lumpsum Payment / Retirement Condition
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| Reconciliation Templates to standardise your processes including Direct Property / Unlisted & In-house assets / LRBA / GST / Tax Due / Contributions / Pensions / TBAR
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| Including Trial Balance / General Ledger / Statement of Financial Position / Operating Statement / Investment Summary Report / Investment Movement Summary and more...
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Comparative Financial Data displayed including columns for quantity, amount & percentage change. Easy view Documents / Tag Documents / Review Points / Red Flags / Queries & Comments available at every line item Audited checkboxes to differentiate between checked and not checked items Checklist for each section with Audited By checkboxes at every checklist
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View the transactions of each line item with a single click. Search & Filter transactions within the General Ledger
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Reimport updated financial data from the accounting software Icons to clearly indicate new, updated & deleted items upon reimport Option to Overwrite or Delete existing work while reporting
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| Allows you to download a file with fund details, financial data, all checklists, tagged documents, queries & review points, materiality assessments, risk matrix assessments, analytical procedure, financial reports for your records or to provide it to ATO
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| Accounting firms can manage workflow
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| Submit jobs to Auditors
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| Resubmit jobs to Auditors (In the event amendments were required)
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| Submit Documents
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| 15+ Reports automatically imported & tagged against line items including investment summary report / Investment movement summary / Annual return / Activity statement preparation / Tax accounting rec / Pensions / Contributions / Distribution rec and more...
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| Documents tagged against line items
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| Permanent documents
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| Notes to Auditors saved against line items
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| Previous years documents
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| One-Click verification of data with the accounting software
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| 7 plus Workpapers reconciliation templates to standardise your processes including direct property / Unlisted & in-house assets / LRBA / GST / Tax Due / Contributions / Pensions / TBAR
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| Auditors can share audit engagement letter templates with the Accountants to generate and send to trustees to sign from their end.
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| Bulk generation of audit engagement templates shared by your clients
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| Manage signed audit letters & reports and auto transfer copies to Cloudoffis Auditors
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| Send pre-audit letters to trustees using Docusign and/or Email to self
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| Track audit jobs submitted via job reports which include filters & an export to excel function.
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| Upload additional documents for audits in progress
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| Create queries for your clients
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| Track query responses, it's status open/closed fund wise/practice wise
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| Receive post-audit letters shared by you in the audit letters & reports folder
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| Readymade checklist provided by Cloudoffis each year
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| Customise & create multiple checklist templates with predefined comments
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| Cloudoffis report templates considering ATO updates every year
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| Prepare customised report templates with placeholders and get it in the jobs with autofilled information
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| Bulk sharing Audit Engagement Templates with your clients
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| Manage signed audit letters & reports and auto transfer copies from Cloudoffis Accountants
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| Predefined report content for Post Audit Reports
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| Send post audit letters with a click
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| Bulk sharing of Post Audit Reports with your clients
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| Add Users
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| Assign Roles To Users
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| Personalised User Dashboards
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| Import clients from multiple software programs - Class/BGL 360/SuperMate/Manual Jobs
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| Create jobs by importing financials from Class/BGL 360/SuperMate/Manual Jobs
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| Staff assignment & re-assignment of jobs (Preparer/Reviewer/Manager)
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| Re-importing of financial data
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| View prior year summaries
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| Track progress of jobs by status
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| Track jobs by assigned staff member
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| Search & filtering
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| Query management
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| Comprehensive query module to collaborate with internal and external users
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| Assign queries to relevant staff members
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| Track query status'
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| Email and system notifications
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| Raise and address review points
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| Create custom labels and tag against each fund. Labels can be created based on complexity of the fund, urgency, investment types (like unlisted property/ collectible & personal use assets, volume of investments & transactions), risk etc...
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Up to 25 |
Unlimited |
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| Upload, auto OCR and search within documents (splitting of documents is not required)
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| Tag & bookmark supporting documents against line items
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| Tag a single document against multiple line items
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| Option to mark documents as permanent
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| Permanent documents roll over to the next FY
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| Roll forward documents to next FY
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| Upload, auto OCR and search within documents (splitting of documents is not required)
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| Add comments to and highlight text on documents
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| Search across content within the fund's DMS
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| Bulk operations supported
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| Auto OCR
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| Quick view & count of unsorted documents
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| Manage custom pricing for each practice customers / Auto invoice / Custom xero integration / customer based settings.
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Add-On |
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| Audit business / customers / jobs / staff / growth / revenue analytics. Enabling audit partners & managers in strategic decision making & negotiations
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Add-on |
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| Integration with customer's legacy systems (DMS/billing/workflow etc)
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| SSO integration
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Add-On |
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| Integration with Infotrack
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| Maintain audit trail throughout the process
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| Enable multi factor authentication via scan QR code / text message / mail authentication
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