General
What application does the firm use for emails?
Outlook
What is the official name of the software we use to record fixed assets?
CCH ProSystem fx Fixed Assets
True/False: you will always need to prepare workpaper 109.
FALSE - confirm with your TIC
What is CCH ProSystem fx Engagement used for?
To work on business returns (1120, 1120S, 1065)
What is CCH Axcess used for?
To prepare tax returns
Which application does the firm use to view and route tasks?
Workflow/XCM
True/False: When opening an existing client in the Fixed Asset software, the location would be from the S Drive.
True
What is CCH Document used for?
To work on individual returns (1040s), trusts (1041s), and possibly small business returns
What is the first step in Engagement before working in the current year binder?
Sync the binder
What is the name of the view where the source data is entered?
Worksheet view
What does TIC and SALY stand for?
Tax In Charge & Same As Last Year
Generally, when should the Fixed Asset Software be used vs CCH Axcess?
When the number of assets is 20+, what was used in the previous year, or what TIC prefer - confirm with TIC
Which option do you click after closing a workpaper in document?
a) Check In
b) Update Only
c) Cancel Check Out
a) Check In
What are the general account numbers for Assets and Liabilities
Assets: #100-1000
Liabilities: #200-2000
True/False: When the preparer is done with the tax return, they should upload the tax return to be processed by admin.
False – do NOT upload tax returns, ONLY extensions (later training in February)
What email address is used to E-Fax?
(ex. @doeren.com)
@concordsend.com
What are the steps to import a template into the Fixed Asset Software?
1. File
2. Import
3. Varies files types
4. User defined import
What is workpaper 010 and what should be included in it?
Workpaper 010 contains all supporting documents to complete a return (pdfs and emails)
What are the 3 columns needed to import Trial Balance?
Account number. account description, and account balance
What are the 4 types of Diagnostics?
E-filing, Warning, Caution, Informational
What drive in the File Explorer is used to find general tax workpapers?
L Drive
What forms do you always print to save to the workpapers (if available)?
Depreciation, Amortization, CY additions, CY dispositions, Sec 199A, Form 4562, Form 4797
When adding a file in Document, what Class, Subclass, and Year would you typically use?
Class: Tax
Subclass: Workpapers
Year: 2025
When grouping accounts in the tax trial balance, where would you typically see Balance Sheet items?
Section L
When you print a copy of the draft tax return, what should the index & name of the file be?
013 Accountant's Draft - (client name) (date)