Auditomation - EOFY Release for FY 2022
End of the year (EOFY) updates
FY 2022 will be listed in the Year End list.
FY 2022 will be the default selection for FY if the job type is selected as Year End.
FY 2023 will be listed in the WInd Up list.
FY 2023 will be the default selection for FY, if the job type is selected as Wind Up.
Checklists
There are no changes in the checklist in FY 2022.
Audit Reports and Letters
There are no changes in the Audit letters and reports in FY 2022.
Observations
Members/Directors/Trustees
Legislation has passed to increase the memberships of Self-Managed Superannuation Funds (SMSF) from four to six members.
Now, Cloudoffis has the option to add upto Members/Directors/Trustees in Client details.
Audit Job Report
Users will be able to select data maximum upto 1 year.
The current date as default in “To” & “From” will have the date of 1 year back from the current date.
The option to change the date but it should vary between one year.
The option to save it as a favorite.
Implement in the Filter and that data we have to bring in Export to excel (for both summary and detailed).
We do not need to restrict the selection of the previous & future date in reports. Sometimes they generate and save the report as fav with a future year date.
Updates for the Jobs received from SMSF Sorted
Financial Reports
Below reports will list under financial reports:
Class Reports:
- Investment Income Comparison Report
- Annual Return - SMSF
- Depreciation Worksheet
- Investment Income Summary Report
- Notes to the Financial Statements
- Realised Capital Gains Report
BGL 360 Reports:
- Investment Income Comparison Report
- Member Statement
Observation - BGL 360 jobs
Below provided observations required reports to be uploaded but now it will automatically bring the data via API.
Income Comparison
Benefits Paid to Member <60
New addition in Status widget on Dashboard
Received status is added among the widgets on Dashboard. Clicking on which will take to the Submitted by Accountant tab, filtering the jobs with Received status.
Action items - My Audit Job
My Audit Job now have below options in 3 dot menu:
Assign/Remove Staff
Change Status
Upload Documents
View Documents
Client Contact
Client contacts name will be listed in Audit Job Queue and Fund Dashboard of a job.
- Provided the Notify Client Contact button for the jobs received from Sorted, it will work the same as Notify Fund Administrator.
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