Home Office workpaper (HOM)
How HOM is populated from Home Office source docs, field by field, and how multiple properties are handled.
The Home Office (HOM) workpaper reconciles home office expense claims, typically for sole traders or shareholders using part of their home for business, and auto-triggers the journal needed to record the expense.
Data extraction
Automatically populated based on Home Office information uploaded under Data Sources (Source Docs). If information is unavailable or not captured correctly, it can be added or corrected manually. When uploading via Source Docs, select the account code marked with an asterisk in the category column, this indicates the code configured for Home Office extraction.
● Address of Property, Area of house, and Area used for business purposes are read from the supporting document.
● Power & gas, Insurance (building and contents), Repairs & maintenance, Rates, Water rates, Telephone rental, and Internet are each read from the relevant expense figures. Where a client's document combines Rates and Water Rates into one figure, the combined amount goes under Rates and Water Rates is left blank.
● Mortgage interest and Rent are only populated where the client's document actually breaks these out; otherwise left blank rather than assumed.
● Other picks up any home office expense not covered above but disclosed in the client questionnaire.
Note: Where a client's document shows Rates and Water Rates combined into a single figure, the whole amount goes under Rates and Water Rates is left blank. Do not split a combined figure across both fields, and do not duplicate it into both.
Multiple properties
The workpaper supports creating multiple templates so home office can be calculated separately for more than one property.
Journal method
Users are given the option to select the journal creation method when generating the auto-triggered journal.
Auto-triggered journals
An auto-triggered journal posts for Home Office based on the figures entered.
Related workpapers
● GST Reconciliation (GRC): the Home Office GST adjustment feeds into GRC's Other Adjustments section once HOM is completed.
How to access
● Go to Jobs and open the relevant job.
● Click the Workpapers icon or navigate to Job Results then Workpapers.
● Select HOM on the Workpapers Dashboard.