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Library settings: Ratios

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Summary

The Ratios section comes pre-populated with a set of helpful financial ratios from one of MindBridge's default libraries. Each ratio incorporates algebraic operations, meta values, and constants to provide a quick snapshot of an entity's financial status and performance.

These default ratios are grouped into 3 categories: Activity, Going concern, and Profitability. You can update and remove default ratios from your custom libraries as desired. Plus, you can create your own ratios* for your team based on your needs and methodologies, as well as create unique categories to group them, allowing you to streamline your analytical processes and enhance efficiency across your organization.

Learn how to create and manage ratios in your library below.

Note: Changes made to the Ratios section within a given library, including ratios being created, duplicated, updated, or deleted, will not appear in existing engagements using that library. To see your changes in action, you must create a new engagement (or roll forward or duplicate an analysis into a new engagement). All ratios in the library you select will be copied into the engagement as they exist at that point in time.
Note: While the library is limited to App Admins, other roles can create and manage ratios within the engagement settings, as well as create new ratios via the Ratios dashboard. Engagement-and analysis-level ratios can also be added to the library as needed so they can then be used in future engagements.

Go to Ratios in the library

Note: Only App Admins can view and manage these library settings. Learn about user roles
  1. Select Admin ( Admin icon ) near the bottom of the MindBridge sidebar on the left side of the screen. You will go to the User Management tab in the Admin settings by default.
  2. Go to the Libraries tab. You will see a list of libraries available in your tenant.
  3. Open the Actions menu in line with the library you want to see.
  4. Select View Library. You will go to the Library details tab on the Libraries page.
  5. Select the General ledger tab. You will go to Analysis configuration.
  6. Select Ratios in the menu on the left. You will see a list of all pre-built and custom financial ratios available for use.

View a ratio

Use the chevron icon ( Expand icon ) in line with a category to reveal its ratios.

Use the chevron icon ( Expand icon ) in line with a ratio to reveal its formula.

Find a ratio

Enter a full or partial search term into the search bar, then press enter/return on your keyboard or select the magnifying glass icon ( Search icon ) to start the search. 

Create a ratio

Create ratios in the library based on your organization's needs and methodology.

  1. Select Create ratio within a relevant category (such as Activity, or Going Concern). A form window will appear.
    Note: If you don't see an appropriate category, use any Create ratio button — the form will allow you to create a new category.
  2. Enter a Ratio name.
  3. Select a Category from the menu, or enter your own with your keyboard then press enter/return to save it.
  4. Enter Additional details in the text box.
  5. Use the Add menu to select conditions (e.g., accounts, numerators and denominators, etc.) to build out your ratio as desired.
    Tip: Refer to Ratio builder: Overview for further instructions.
  6. When you are satisfied, select Create Ratio. The new ratio will appear in your library and you will go back to the Ratios section.

Select Cancel at any time to discard the ratio and go back to the Ratios section.

Edit a ratio

Edit ratios in the library to change their parameters.

  1. Select the edit icon ( Edit icon) in line with the ratio you want to update. A form window will appear.
  2. Adjust the Ratio name, Category, Additional details, and conditions as needed.
    Tip: Refer to Ratio builder: Overview for further instructions.
  3. When you are satisfied, select Save to apply your changes. The ratio will be updated and you will go back to the Ratios section.

Select Cancel at any time to discard your most recent changes and go back to the Ratios section.

Duplicate a ratio

Duplicate ratios to manipulate them without impacting the original version. 

  1. Select the duplicate icon ( Copy icon ) in line with the ratio you want to duplicate. A form window will appear, populated with duplicated information.
  2. Adjust the Ratio name, Category, Additional details, and conditions as needed.
    Tip: Refer to Ratio builder: Overview for further instructions
  3. When you are satisfied, select Save. The new ratio will appear in your library and you will go back to the Ratios section.

Select Cancel at any time to discard the duplicate ratio and go back to the Ratios section.

Delete a ratio

Delete ratios from the library as needed. 

  1. Select the delete icon ( Delete icon ) in line with the ratio you want to delete. A confirmation window will appear.
  2. Select Confirm to permanently delete the selected ratio. The ratio will be deleted and you will go back to the Ratios section.

Select Cancel at any time to go back to the Ratios section without deleting the ratio.

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