Creating Interim Engagements

You can now create monthly interim reporting engagements which allow you to import up to twelve trial balances, work in up to twelve periods for a single entity in a single engagement, and navigate throughout this engagement to different periods. You can post journal entries to each period, export and examine key reports like financial statements, leadsheets, trial balances, tax summary reports and financial summary reports, and link your trial balance information to tax returns.

To create an interim reporting engagement, do the following:

1. Navigate to the create new engagement screen by following the instructions for Creating an Engagement.

2. Use the frequency toggle to switch the reporting dates of the engagement to “Monthly”.

3. Select the reporting dates of your engagement.

Note: Currently, interim reporting engagements only supports complete years. You cannot create an engagement with a year start and year end date that spans more or less than exactly one year.

4. After selecting the year-start and year-end dates, click the "View current year dates" text to examine or change the beginning and end dates of each reporting period. By default, the system will select the calendar month beginning and ending dates.

5. Complete the remaining fields on the "Create new engagement" and click the "create" button.