Rolling Forward an Engagement
Rolling forward an engagement creates a new engagement for a new period. The year-end date increases by one year in the new engagement.
You can roll forward an engagement up to seven times, giving you up to eight prior years of data.
Note: You cannot roll forward a multi-tier consolidated engagement until the end of 2024.
Tell me how the data from the original engagement is handled in the new engagement.
Note: If the trial balance report was created with tax groups, then the tax groups will be updated automatically if available for the new year; otherwise they will be updated later when new tax groups become available.
To roll forward an engagement, do the following:
- Locate the engagement on the Engagement List page.
Note: See Using the Engagement List Page for information about using the pagination and search features to locate an engagement in the grid.
- Click in the Actions column for the engagement and select Roll forward.
- Enter a name for the new engagement. The engagement name must be unique for the client.
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Enter the engagement description if needed, up to 32 characters. This field is optional.
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Enter the charge code if needed, up to 50 characters. This field is optional.
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Enter the due date if needed. This field is optional.
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Select the responsible staff if needed from the drop-down list. As you type, the staff list opens and filters based on the characters you type. This field is optional.
- Click Next.
- For each journal entry, select an option to indicate if journal entry amounts should be rolled forward. By default, journal entries are not rolled forward.
- Do not include. The journal entry is not rolled forward.
- Recurring with same amounts. The journal entry, including amounts, is rolled forward.
- Recurring clear amounts. The journal entry is rolled forward with no amounts.
- Reversing. The journal entry is rolled forward, but with debit and credit amounts reversed.
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Click Next.
- For each workpaper, select whether it should be included or excluded from the new engagement. By default, files in the following formats will be set to roll forward:
- Microsoft® Excel® (XLS and XLSX)
- Microsoft® Word® (DOC and DOCX)
- Text files (TXT)
All other file formats are set to not roll forward by default.
Notes:
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If you select to exclude a workpaper from roll forward and that workpaper includes a note that is set to be included in roll forward, you will be asked to confirm the exclusion.
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Workpaper notes roll forward only if they were previously set to roll forward.
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Click Next.
- Under Form List, select roll forward options for each form.
- Roll Forward Setting. If there is an updated version of the form, select whether to roll forward the version in the original engagement or to replace it with the updated version.
- Responses. Select whether your responses in each form for the original engagement should be rolled forward or if the responses should be reset.
- Click Finish.