Start the engagement

This topic applies to OnPoint PCR.

What is OnPoint PCR?

To get started, create a new OnPoint PCR engagement file. You can also set key dates, budgets and assign staff members to the engagement file to prepare and review the engagement work.

To create an OnPoint PCR engagement:

  1. From the Cloud menu (), select OnPoint PCR.

  2. Select the New button.

  3. The OnPoint PCR dialog displays.

  4. Choose your client Entity, enter a name for the engagement file and specify the year of the engagement.

  5. You can also:

    • Select a Start Date and End Date for your engagement, enter budget information and add a description

    • Carry forward data from an existing engagement. See Carry forward an engagement for more information.

  6. In the Preparer field, enter your name and select yourself from the drop-down list.

  7. In the Reviewer field, enter another staff member's name. Select them from the list to assign them as a reviewer.

  8. Select Save.

  9. The engagement file automatically opens in your browser.

Set the workflow status and year end date

When you first open the engagement, a pop-up displays showing the engagement's Workflow status.

The Workflow status lets clients and other stakeholders know how far along you are in the engagement process. If you intend to start working on the engagement right away, set the Workflow status to In Progress.

You can also change the engagement's Operating name, Reporting period and Year end date. Note that an incorrect year-end date affects trial balance imports.

Once you select Save, you can view the Documents page.

The Documents page acts as OnPoint PCR's central hub. When you first open this page, two documents are available. To populate content in the Documents page, complete the 1-110 Engagement Setup checklist. Documents are available within five phases:

  • Acceptance and Planning

  • Fieldwork

  • Financial Statements and Completion

  • Permanent File

  • Tax Export

Each phase has its own progress indicator that shows the document sign-off progress for that phase. You can hover over the progress indicator to view how many documents are Outstanding, Prepared or Reviewed.

Planning phases

To see all documents available in OnPoint PCR, select More Actions () | Hidden Items. Otherwise, only documents and phases applicable to your engagement type are visible. For example, if you select Review as your engagement type in 1-110 Engagement Setup, only documents relevant to a review engagement become visible in the phases mentioned above.