Fund Summary
How to Re-assign Staff
Introduction If you need to reassign a job to a different staff member after it has been created, follow the steps below to smoothly update the assignment. How to Reassign Staff Step 1: Go to the Fund Dashboard for the fund where you want to reassign ...
Sign Off - Prepared, Reviewed and Audited By
Introduction We've introduced a new feature on the Fund Dashboard to streamline the process of sharing audit files with the ATO and reduce manual efforts. This feature allows users to track the individuals responsible for preparing, reviewing, and ...
Remapping Items
Introduction In certain cases, SMSF Auditomation might not recognize lead schedule items due to Chart of Accounts (COA) or placement issues. To address this, you can manually remap these items. Note:- This remapping feature is designed for manually ...
Verify Data with Accounting Software(Class/BGL360/SuperMate)
Introduction This feature enables users to compare data between Cloudoffis Auditomation and accounting software (Class, BGL360, SuperMate). Please note that auditors need to request access and specific credentials from the accountant for the ...
Risk Matrix - Job
Introduction The Risk Matrix page displays all the rules for different risk types. By clicking on the risk type from the fund dashboard, you will be redirected to the Risk Matrix page. Rules and Columns: The first column contains all the Rules along ...
Queries and Review Points
Introduction The Queries and Review Points page consists of 2 main tabs: Queries: Displays all Open, Resolved, and Draft queries. Switch between Open, Resolved, and Draft queries using the buttons on the top right. Query Checkbox: Select between ...
Job DMS
Introduction The Documents page provides a centralized location to access all uploaded documents for the fund, organized within their respective folders. To access this page, navigate to the Fund Dashboard and click on either DMS or a folder from ...
Observation
Introduction We have 11 observations that are being run on the data imported from the Accounting Software. Based on their status, observations are categorized into three tabs: Warning, Good To Go, and Not Applicable. Not Applicable Tab: Observations ...
Materiality Assessment
Introduction The page displays Account Heads with a dropdown arrow. Clicking the arrow reveals additional information as given below: Description Quantity (QTY) Current Financial Year (FY) Previous FY Changes in Amount Changes in Percentage To the ...
Fund Dashboard
Introduction The Fund Dashboard provides a concise and comprehensive overview of important information related to the fund. Here are the key elements displayed on this page: Fund Details Fund Name: [Name of the Fund] Financial Year: [Financial Year] ...
Review Points
Introduction Review Points are internal notes for a job, they are referenced to a particular Observation, or to the Statement of Financial Position or Operating Statement. While working on the job if there's any work paper or document which needs to ...
External Query
Introduction In the Auditomation portal, you can raise an External Query if you come across incomplete or missing workpapers or have questions about suspicious elements that need to be answered by someone outside your firm. How to Raise an External ...
Internal Query
Introduction In the Auditomation portal, you can raise internal queries when you come across incomplete or missing work papers or have questions about suspicious elements. Internal queries are meant to be answered by someone within your firm. ...