Work smarter, not harder with SMSF Auditomation and end-of-year preparation process through automation, integration, and AI.
| Fund dashboard | ✓ | ✓ |
| Workpaper file linked with source documents | ✓ | ✓ |
| Connect with Accounting firms (your clients) | ✓ | ✓ |
| Connect with all your practice clients | ✓ | ✓ |
| 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. | ✓ | ✓ |
| 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 | ✓ | ✓ |
| 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 | ✓ | ✓ |
| 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 | ✓ | ✓ |
| Reconciliation Templates to standardise your processes including Direct Property / Unlisted & In-house assets / LRBA / GST / Tax Due / Contributions / Pensions / TBAR | ✓ | ✓ |
| Including Trial Balance / General Ledger / Statement of Financial Position / Operating Statement / Investment Summary Report / Investment Movement Summary and more... | ✓ | ✓ |
| • 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 | ✓ | ✓ |
| • View the transactions of each line item with a single click. • Search & Filter transactions within the General Ledger | ✓ | ✓ |
| • 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 | ✓ | ✓ |
| 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 | ✓ | ✓ |
| Accounting firms can manage workflow | ✓ | ✓ |
| Submit jobs to Auditors | ✓ | ✓ |
| Resubmit jobs to Auditors (In the event amendments were required) | ✓ | ✓ |
| Submit Documents | ✓ | ✓ |
