CPA Audit/Review Console
The FOUNDATION CPA Audit/Review Console is a unique tool designed
specifically for CPAs and other accounting
professionals using FOUNDATION construction accounting software.
When CPAs and other accounting professionals are doing an audit
or review of a client's financials, they must do one of two things:
a) request from the client all of the pertinent reports and information;
or b) figure out how to use the same accounting software as used
by the clients, and gather the pertinent information themselves.
In the latter case, the CPA may be expected to know several different accounting software packages, and may need to wade through reports and other information not specifically designed for the audit/review process in order to find the information they need.
The FOUNDATION CPA Audit/Review Console is a unique tool designed
to put all of the pertinent information at the professional's disposal,
without requiring him/her to know much or anything about FOUNDATION
construction accounting software. It consists of an extremely user-friendly
interface listing the reports relevant to an audit/review. The CPA
must only click a button to be taken to that report and the relevant
data.
FOUNDATION's reports are fully date-sensitive and show a complete
audit trail, allowing an easy tie-out between modules and the General
Ledger. These reports are designed to provide the information CPAs
need during the audit process and were designed after extensive
consultation with professionals in the industry and following industry
standards.
Reports included in the CPA Audit/Review Console include:
- Trial Balance
- G/L to Job Cost Tie Out
- Gain/Fade Report
- Unrecorded Liabilities
- Date Discrepancy Report
- Check Cut-Off Report
- General Ledger Materiality
- Accounts Payable Materiality
- Accounts Receivable Materiality
- Job & Contact List
- Billing Backlog
- Over/Under Billing
- Cash Flow by Job
- Contract Status Report
- Progress Schedule
- Accounts Payable Aging Report
- Accounts Receivable Aging Report
- 941 Report
- G/L Overhead Allocation Report
- J/C Overhead Allocation Report
All of the reports can be exported to PDF, Microsoft Excel or Microsoft
Word with the click of a button. This option allows CPAs to quickly
and easily work with the data using a tool they are already familiar
with.
Each report is linked to a help system that offers direction tailored to the CPA on how to read the report and what its information may be useful for. The Console also includes a printed guide to help CPAs find exact information they need.
The Console also includes a user-friendly interface to enter adjustments to the financials as well as to contact Foundation Software for additional help or to offer input on the Console and its features.
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The FOUNDATION
system already offers a strong audit trail and date-sensitive
reporting. Placing all of the necessary reports at a CPA’s fingertips
only enhances its appeal to the accounting professional. This
product will be an indispensable tool for anyone auditing a
contractor’s books.
– Dave Cornish, CPA, Furrer and Associates Inc. |
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