Enhancements
- We have revamped our system emails, all emails will now look different and have less irrelevant information
- SMSF Dashboard has been released in Beta, we will gather feedback and will fully release the dashboard soon
- We have made improvements to the copy workpaper functionality, it now allows you to select which folder you wish copy the workpaper into when using the functionality. It will also now show a list of linked files when using the copy functionality
- AMY is now smaller, and when used the chat will be retained until you log out
- We have added logging in the activity feed for when a journal is deleted
- We have also added logging in the activity feed to the removal of a sign off on workpapers
- Bright integration is now available in Australia
- An upload button has been added to the client queries page making it easier for client users to upload supporting documents
Improvements/Bug fixes
- Fixed a bug that caused references on the trial balance to duplicate on refreshing the page
- Fixed an issue where when the trial balance was downloaded the & symbol would result in additional characters
- Bulk sending documents from BGL report pack has been fixed
- Role filter in the user access page has been fixed and will now sort staff users by their role as normal
- When opening the advanced options on the roll forward page, the prior years file will now be selected automatically
- Fixed an issue that stopped accounts with an “&” symbol being mapped on the dual code mapping page
- AMY – We have launched our own AI assistant AMY, which is helping firms make more of our platform.
- [UK & EU]: Bright Integration – We have introduced in this release integration with BrightBooks and BrightAccountsProduction. This will allow users to import a trial balance into MyWorkpapers, as well as exporting journals from MyWorkpapers to those products.
- Dual Codes – Improvements have been made to the mapping of dual codes, meaning that users should find that more codes are now mapped automatically when creating a dual code file. The UI on the trial balance page has also been improved to include information about where, how, and when a TB was imported.
- [UK & EU]: Payroll – We have brought the functionality of our cloud-based working papers to the payroll process, helping firms to better manage this regular work in their practice.
We have made a number of useful enhancements including:
- We have revamped our system emails, all emails will now look different and have less irrelevant information
- [AU]: SMSF Dashboard has been released in Beta, we will gather feedback and will fully release the dashboard soon
- We have made improvements to the copy workpaper functionality, it now allows you to select which folder you wish copy the workpaper into when using the functionality. It will also now show a list of linked files when using the copy functionality
- AMY is now smaller, and when used the chat will be retained until you log out
- We have added logging in the activity feed for when a journal is deleted
- We have also added logging in the activity feed to the removal of a sign off on workpapers
- [AU]: Bright integration is now available in Australia.
- An upload button has been added to the client queries page making it easier for client users to upload supporting documents
- Dual code – Our Dual Codes feature allows firms to import data from any system via integration or spreadsheet and maintain each system’s Chart of Accounts. This allows firms to map their Trial Balance with whatever financial statements system.
- 2FA app – Functionality for linking 2FA to an authenticator app instead of email implemented.
Dual Codes – Added elements of our upcoming Dual Codes feature to the system, these are intended as a placeholder for the time being and not intended for general use at this time, these include:
-
- Selecting the account production system within the firm settings
- Selecting the bookkeeping system for the client within “Advanced options” when creating or rolling forward a file
- Selecting the source bookkeeping system during CSV import.
We have made several enhancements to the platform, including:
- Preparation for moving over to the login page with multi-firm and SSO
- Updates to Materiality page for Audit
Assign a file – A new feature has been added to assign a file to an individual user, allowing a firm to give ownership of a file at any given point. The file assignee is now a new filter in the workflow manager and assigning the file can be done from the working paper index of a file.
Pictures in MyWorkpapers – We have long been able to store images on the platform, a particularly useful aspect of adding evidence to any file. With this release, you are now able to view those files directly in the MyWorkpapers system.
Chart of Accounts has been added to the edit accounting structure page, allowing users to view the chart of accounts being used as well as edit the chart of accounts – updating the description within the trial balance.
We have made several enhancements to the platform, including:
- Minor audit plan improvements
- Speed improvements
- ISA600 content blocks
- Password reveal on login page
- Archived accounting structures hidden
December 2023 – CPD tracking and reporting – Our user Learning Management System (LMS), MyWorkpapers Academy launches its Continuing Professional Development (CPD) capture and reporting feature that allows users on Client Success Memberships to log and track verified and non-verified CPD.
Risk Feature enhancements: Updates have been made to the Risk feature, allowing you to review the details of the Risks in a file as well as archiving Risks that are no longer required. A filter function has also been added to the page.
Risk Roll Forward: All Risks (except archived risks) will be copied into the new file during a roll forward process.
General Ledger
This new exciting feature allows you to import the general ledger transactions into files. You can learn about how to use this feature in our help centre article.
FYI is here: Thousands of accountants across the world already enjoy the automation and document management that FYI offers.
Now it has been brought to MyWorkpapers with our latest integration.
Trial Balance: Adjustments drill down is now available within the Trial Balance, Profit & Loss and Balance Sheet. You will be able to see the details of journal entries made against each account from these pages.
Personal Tax: Trial Balance features are now enabled for Personal Tax files
Journal Drill Down: Users will be able to see the details of journal adjustments made against each account within the Trial Balance
Copy Workpapers: Workpapers and documents can now be pulled into a year end file from the linked monthly and quarterly files.
External Firm (Admin) Query notifications: Users can now include a personalised message when sending notifications to their External Firm (Admin) users.
New Activity Feed logs:
- Log will be recorded within a file when a workpaper is deleted.
- Log will be recorded within a file when a workpaper is restored.
- Log will be recorded within a file when a recycling bin is emptied.
- Log will be recorded in the Dashboard when a file is deleted. This includes the file number in case users might want a deleted file to be restored.
Client Checklist
We released the Beta version of our Client Checklist feature that allows you to set your workpapers as a client checklist, attach them to your Client Queries and send them to your client users via the MyWorkpapers Client Portal.
Trial Balance import
Step 2 of the CSV import process will now have the “Reset previously mapped values” checkbox unticked by default to avoid accidental reset of the previously imported trial balance figures.
Enhanced Risk Assessment Functionality (ISA 315)
A major update to risk assessment in MyWorkpapers.
The update will allow you to:
- Use the new spectrum of inherent risks of material misstatement
- Separately assess inherent and control risks
- Comply with the wider quality control requirements of ISA 315
- Excel Connect feature:
- A checkbox has been added for all excel document workpapers to enable the excel feature for relevant documents.
- Excel Connect can now be enabled on individual excel document workpapers within the firm templates.
- Datafields – External firm addresses are now available to be added as multi-line address within the word documents.
- Workflow Manager – file creation UI/UK improvements
- Minor UI/UX updates