Getting Started with CCH iFirm Engagement

CCH iFirm Engagement application delivers automation, data-driven workflows, and an integrated solution in the cloud with the CCH iFirm Suite to help you prepare your financial statements and tax balances.

When you upload the trial balance data, each account is automatically assigned a financial statement group and a tax group based on the account name. If a match cannot be found, then the account is left unassigned. Based on the account groupings, the system automatically creates the following:

• Balance Sheet
• Income Statement
• Leadsheets
• Tax Summary Report

• Financial Summary Report

This quick overview of the financial picture can help you plan your engagement and understand the state of the business.