Set up Xero Workpapers for your practice and use it to make year end compliance faster and easier.
Analyse financial data, store documents and post adjustment journals directly into Xero. Standardise processes and collaborate online with clients and team members.
Configure Xero Workpapers by activating the platform in Xero Practice Manager and establishing necessary staff permissions.
Create new workpaper packs by selecting client details, defining reporting periods, and assigning preparer and reviewer roles.
Draft manual journals within workpaper packs, ensuring each entry is accurately detailed and balanced using the working trial balance.
Review workpaper schedules by filtering for 'ready for review' items, examining supporting documents and preparer notes, and providing targeted feedback.
Finalise workpaper packs by locking completed schedules and exporting finalised documents for secure record keeping and streamlined compliance.