The new Planning balances feature allows you to record and track interim balances before the year end.

• Upload planning balances for current and prior years.

• Use planning balances when viewing analysis charts.

• Use planning balances in the materiality document.

• Include information related to planning balances in the risk and risk assessment reports.

How do I import Planning vs Final balances?

1. Open the Data screen.

2. Select Excel or CSV.

3. Choose Planning Trial Balance and determine the interim date you are importing.

4. Press Next to proceed.

Once the interim period is over repeat steps 1 and 2 and select Final Trial Balance and press Next.

How do I select the Planning vs Final balances columns?

5. In the import screen, select the appropriate financial year for the planning data.

6. Press Import. The data will import into the engagement
   

7. The Data screen will display the Planning Columns for comparison.
   
   

Consider the following:

• When planning balances are enabled, visibility conditions and dynamic text with Trial Balance conditions are evaluated based on the planning balance until the final balance is imported.

• The financial statements document currently does not currently support planning balances.

• Users can only use the planning balances feature if they are importing from an Excel or CSV file and if their engagement has an annual reporting period.

• Documents 4-450 Income Statement and 4-455 Balance Sheet will not display Planning or Interim information.