Import the client's data

This topic applies to OnPoint PCR.

What is OnPoint PCR?

If you're preparing financial statements as part of your engagement, you need to import your client's trial balance data and transactional data. Once you import the data, you can request a few clarifications or information from the clients. If you don't need further information or clarifications, you can start preparing the financial statements.

You can request the client's financial data using the 2-920 PBC Document Requests query document. For information on how to send query documents to clients, see Send the query to contacts.

OnPoint PCR allows you to import trial balance and transactions data from a variety of sources:

Complete the materiality form

You may need to consider material amounts for misstatements in the client file. The 2-102 Materiality document is available in the list of documents at the Materiality folder to help you record the determination of materiality for your engagement.

To learn more, see Complete the materiality form.

Complete the analytical procedures

Complete the 2-100 - Review Overall Analysis document to form predictions of recorded amounts or ratios developed from recorded amounts - a process known as forming expectations.

The document also contains an Analysis tab with graphs and tables, so you can look for trends, compare and calculate ratios, investigate discrepancies and confirm expectations.

In the 2-100 - Review Overall Analysis document, you can:

  • Hide or display specific charts by selecting the toggles () at the top of the page.

  • Use the drop-downs at the top to switch the display between Adjusted balances and Unadjusted balances.

  • Enter comments or notes in the designated section in each chart or table.

  • Hover a graph or table to view a tooltip that shows what data the hovered row, bar or line represents.

Analysis tab in the 2-100 - Review Overall Analysis document.

If you hover the data labels in the graph table, a tooltip displays showing the definition of each label and the formula used to calculate it.

Hovering a graph table shows data and formula details.

In graphs, you can remove one or more data set from the figure and compare results. Select Edit (), then select Delete () to remove one or more data set. You can revert to the original chart by selecting the Edit () then Revert ().

How you can edit a graph.