Workpaper variance thresholds

How to configure variance tolerances for each workpaper to align with your firm's materiality guidelines.

Configure variance tolerances for each workpaper, aligning the platform with your firm's materiality guidelines. By default, thresholds are set as Master for all clients, but can be edited per client.

To edit thresholds for a specific client, select the client from the dropdown before adjusting. Workpaper codes are explained in full in the Workpaper Reference section of this help centre.

Screen layout

The Set WP Thresholds screen displays a table of every workpaper in Zato with the following columns:

ColumnWhat it shows
CheckboxSelect multiple workpapers for bulk threshold updates.
WorkpaperThe workpaper name and code (e.g. Accounts Receivable - ACR, Bank Reconciliation - BRC).
VarianceThe variance threshold for that workpaper. Default is $1.
TypeWhether the variance is calculated as a Value (dollar amount) or Percentage. Click the dropdown to change.

Filters and controls

  • Search: Free-text search to find specific workpapers quickly.
  • Type filter: Use the Percentage and Value checkboxes at the top right to filter the visible workpapers.
  • Clients selector: Switch between Master (default for all clients) and a specific client to set per-client thresholds.
  • Refresh: Reload the threshold values.
  • Save: Save your changes (button is at the bottom left of the screen).
  • Next Step: Save and proceed to the next stage of Firm Setup.

Variance status

  • Reconciled: The variance falls within your predefined threshold.
  • Unreconciled: The variance exceeds the threshold and requires further attention.

How to configure

  1. Click Set Thresholds.
  2. Enter your custom threshold (dollar value or percentage) for each workpaper.
  3. Click Save to apply.

Three workpapers use percentage-based variances: GST Reconciliation (GRC), Sales Reconciliation (SRC), and Wages Reconciliation (WRC). If you set a percentage for a value-based workpaper, Zato handles the conversion automatically. Default thresholds are set to $1.

How to access Workpaper Variance Thresholds

  1. Go to Firm Setup.
  2. Click the Set WP Thresholds tab.