Generating and Reviewing Workpaper File

Introduction

We have recently introduced the hyperlinked workpapers in Sorted Lite. This will help you to quickly review your workpapers and save the file for your future reference. You can generate & review your workpapers in a few easy steps with all the relevant tagged documents all in one place. Follow the steps given below to get started:

Generating Workpapers

Step 1: Login to Class Super and select the Business.

Step 2: Click on the Grid menu and select Cloudoffis SMSF Sorted Lite.

Step 3: Search the fund and click on the Generate workpapers.

Step 4: You can choose the items you want to include in the workpaper file and generate it by clicking on the Generate button. 

Step 5: Once the workpapers file is generated, you can View and Download it on your computer or save the workpaper file in Class DMS. For any subsequent updates in the financials or workpapers, you can regenerate the workpapers by clicking on Regenerate.

Note: Alternatively, you can go to the Sorted Lite Fund Dashboard and generate the workpaper by clicking on the Generate/ Regenerate workpapers. 

Saving the Workpapers in Class DMS

Step 1: Clicking on the Class DMS while downloading the workpaper file saves a copy of the workpaper file to Class DMS. Once saved in Class DMS; you can view it from Class Super > Fund > Dashboard > Fund documents in Class Super as mentioned below.

Step 2: You can Download, View/Edit and Delete it from Class DMS if you want.

Saving the Workpapers on Local Drive & Reviewing Workpapers:

Step 1: On selecting the Local Drive while downloading the workpaper file; it will be saved on the default download folder set on your computer. The file will be saved in a zip format, and you will need to extract it to a folder to view it. The workpaper file has two items: (i) a PDF workpaper file and (ii) Tagged Documents folder.

Note: The workpaper file can be best viewed when it is opened with Google Chrome. Right-click on the PDF file and open it with Google Chrome as shown below.

Step 2: Navigate to the different sections of the file from the Bookmark Panel.

Step 3: Click on the tagged documents icon to open the documents tagged on trial balance items or any other sections, like permanent, prior year documents.

Note: You can press Ctrl + click to open the tagged documents in a new window so that you don't lose track if the supporting document is opened in the same window.

To learn more about the process, explore best practices, and make the most of our features, please visit our Knowledge Base. You can also check our FAQ section for answers to common questions, or contact our Support team if you need any assistance.

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