How do I carry forward an audit if the administration platform has changed during the year
When an SMSF Audit file is carried forward, the Trial Balance
import method will default to the same method used in the prior year file. So
how do you carryforward an audit file when the fund has changed administration
platforms during the year?
First, you need to ensure that the Fund entity you are
attempting to import has the same Entity Number as the fund in the
administration platform - check this by browsing to the Entities screen and
locating the fund.
If the Entity Number does not match the number of the fund in
the new administration package, change the number as follows:
- In the
Entities screen, select the entity by ticking the checkbox to the left of
the entity.
- Click
the Edit button
- In the
Number field, change the Entity Number.
- Click Save to
return to the Entities screen.
After ensuring the entity number in CaseWare Cloud matches the
one used in the new administration platform, perform a Fund import using the
appropriate method found here on our CaseWare Education site.
Importing Funds
From Class Super
The 2 links above will require a CaseWare.Education login.
Please contact CaseWare Support if you do not have a login.
The import process will create the new
engagement file under your existing fund entity, and the new engagement file will
carryforward data from the prior year file.
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