Team

The Team section in the ribbon:

The purpose of the Team functionality is to allow different contributors to the inputting of data the ability to update different parts of the return simultaneously (otherwise generally not-allowed in single Excel workbooks). With Team you can assign control to specific sheets within separate workbooks (“Team files”) that users can then access simultaneously.
There is then various ways in which this data can be “Consolidated” back into the main return workbook and (in some cases) “live updated” across the different team files (so users can see updates made to the sheets that are with control in a different team file).

The main windows within the Team area are:
Create – allows user to “carve out” QRTs and share them with other members. By this, any user that has access permission can work on the same return.
Manager – provides user an option to “carve in” the exported QRTs.
Redefine – allows users to change the control status of worksheets already within the team file (enabled only from team file)