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Create an account grouping via a CCH group trial balance

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Learn how to create an account grouping with a CCH group trial balance and apply it to a library.

Configuration details 

You must be an App Admin to perform this task.

Go to the Admin settings page

  1. In the MindBridge sidebar from any page within MindBridge.
  2. Select Admin (third option from the bottom).
    You will go to the User management tab on the Admin page.
  3. Select the Account groupings tab near the top of the page.
    You will see a list view of all the account groupings in your tenant.

Create an account grouping with a CCH group trial balance

Since a CCH file doesn't have a credit or debit column, MindBridge examines the entry's MAC code to determine the value of the entry.

  1. Select Create Account Grouping.
    A pop-up window appears.
  2. Select CCH Group Trial Balance.
  3. Select Next.
  4. On the next screen, enter an account grouping name.
  5. To import the document:
    • Browse your computer, or
    • Drag and drop the file into the window.
  6. Once the file has imported successfully, select Next.
    You will go back to the Account groupings tab.
  7. Verify that the accounts are properly mapped to the appropriate MAC code and that every account has the proper account tags and industry tags.
  8. When you are satisfied, select Publish.
    A pop-up window appears to let you know that changes cannot be made to an account grouping once it is published.
  9. When you are satisfied, Publish the account grouping.
    The new account grouping is available in the Account groupings tab.

Apply the account grouping to a new library

Go to the Admin settings as described above

  1. Go to the Libraries tab.
  2. Select Create library.
    A pop-up window appears.
  3. Provide the following information:
    • Library name: The name used to identify the library across MindBridge.
    • Base library: New libraries must be based on an existing library to leverage predefined ratios, filters, and control points across different analyses. Selecting a Base Library will match the parameters of this new library with your Base Library choice.
    • Account grouping: Select the account grouping you created.
    • Industry tags: As auditors create account groupings with different accounts, instances of overlap may occur; industry tags can be leveraged to employ only a portion of an account grouping’s accounts.
  4. When you are satisfied, select Create library to create the new library, or Cancel to return to the Libraries tab.

Apply the library to a new engagement

  1. Select Create engagement.
    You will go to the Create Engagement page.
  2. Use the Library menu to choose a library for the new engagement*. 
  3. Once you’ve filled out the form and chosen your library, select Create engagement.
    Your new engagement will be listed with the rest of your organization’s engagements on the Engagement page.

*Learn more about creating an engagement.

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