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MindBridge for-profit library

Article author
Jonathon Plowman-Samson
  • Updated

Summary

The MindBridge for-profit library uses an account grouping structure facilitating for-profit accounting.  This library includes ratios specific to for-profit use cases such as Gross Profit and control points such as Expert Score.


MindBridge for-profit: Account grouping

This library uses the MindBridge Account Classification (MAC) code system.


MindBridge for-profit: Ratios

This library contains MindBridge’s 25 predefined ratios.


MindBridge for-profit: Filters

This library includes 16 predefined filters made to help you narrow your search results when viewing an engagement’s transactions in the Data table dashboard. MindBridge’s predefined for-profit filters fall into the following categories:

Additional Assurance filters

  • High Impact Order
  • MindBridge AI Journal Entry Testing
  • Unusual Transactions

Purchasing Cycle filters

  • Cost of Sale
  • Expenditure
  • Payroll Transaction
  • Repairs and Maintenance Review

Revenue filters

  • Reversed Revenue or Reversal of Revenue
  • Revenue
  • Other Income

Standard filters

  • Transactions near Analysis Period End
  • Transactions near Period End
  • Manual Transactions near Analysis Period End
  • Manual Transactions near Period End
  • Material Transactions near Analysis Period End
  • Material Transactions near Period End


MindBridge for-profit: Control points

This library contains MindBridge’s 29 rules-based, statistical, and machine learning control points.


 

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