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User guide

Set up engagements

Set up and organization are key components for working effectively with engagements. Within Engagement Manager, you can store and manage engagements of any size with numerous workpapers. Engagement Manager offers 3 methods for creating a new engagement — from a template, from scratch, or from an existing engagement.
  • Create an engagement from a template - Engagement Manager includes several templates for various engagement types, such as audits, reviews, and compilations. However, you can also create an unlimited number of custom templates for your firm to help make engagement setup quick and easy. You can also modify and delete existing templates.
    Templates enable you to create standardized engagement folder structures, as well as certain workpapers, resulting in engagements that are easy to navigate for preparers and reviewers. To make the most efficient use of your time, creating engagements from a template is a best practice for accounting firms, especially those firms that are also using Guided Assurance.
  • Create engagements from converted or migrated data - Many firms convert engagements from previously used engagement management programs. Engagement Manager has a conversion process for Engagement CS, ProSystem fx Engagement, and CaseWare. You can migrate Workpapers CS documents and trial balances to Engagement Manager.
    Firms will convert or migrate the prior year's engagement completed in the engagement management program, then roll forward the binder to complete the next period using Engagement Manager.
  • Create an engagement from scratch - If the client doesn’t already have an engagement, or if a template is not available, you can set up an engagement from scratch. Selecting New as the engagement source may be the fastest approach if you need to create a non-standard type of engagement for a client.
  • Create an engagement from an existing engagement - You may prefer to create an engagement from one that already exists. This can speed up the process of setting up an engagement when you have clients in similar industries, as they may share similar configurations and workflows. You can also choose this approach if you want to keep your audit and tax engagements separate so that you can wrap up the audit engagements within the required time period and keep workpapers separate for peer-review purposes.
    The process for setting up an engagement from an existing engagement is similar to setting up an engagement from a template. You simply select Existing instead of Template from the Source dropdown list during the creation process.
    When you select Existing as the engagement source, you'll select the
    Select client and engagement
     button to show only those clients who already have existing engagements in Engagement Manager. If you don’t see a client in the list, verify that an engagement exists for that client. If one does, verify that you have appropriate GoFileRoom permissions to access that client.

This article applies to:

  • Subject: Engagements
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