Summary

You can import 3 types of adjusting entry files into the analysis. Learn about adjustments, reclassifications, and eliminations, and how to import them into MindBridge.

Configuration details

You must run a successful general ledger analysis before importing adjusted files into the current period.

Learn about the required data for general ledger analyses.

Go to the Data page

1. Select the logo in the MindBridge sidebar.
   You will go to the Organizations page.
2. Select View in line with the desired organization, or click anywhere in the organization row.
   You will go to the Engagements page.
3. Select View in line with the desired engagement, or click anywhere in the engagement row.
   You will go to the Data page for that particular engagement.

Overview

Adjustments

Adjustments can be used to produce adjusted closing balances and create balances used in the presentation of financial statements.

This file lists accounts and account details similar to a general ledger file format, and provides any adjustments, corrections, or omissions to the original general ledger.

Reclassifications

This file lists accounts and account details similar to a general ledger file format, and provides the ability to move amounts from one account to another for presentation purposes.

Eliminations

This file lists accounts and account details similar to a general ledger file format, and provide the ability to eliminate amounts. For example, cancelling out inter-company transfers within the general ledger file.

Select files to import

MindBridge supports 4 ways to select and import your files.

Drag and drop

1. On the Data page, drag and drop the file from your computer into the appropriate period in 1 of the following rows:
   • Adjustments
   • Reclassifications
   • Eliminations
2. Once the file has loaded, select Continue import.
   You will go to the first step in the import process.

Browse your computer

1. On the Data page, select Browse in line with the appropriate section: Adjustments, Reclassifications, or Eliminations.
2. Select Browse your computer from the menu.
3. Select the intended file and Open it.
   The file imports into the analysis.
4. Once the file has loaded, select Continue import.
   You will go to the first step in the import process.

Browse file manager

1. On the Data page, select Browse in line with the appropriate section: Adjustments, Reclassifications, or Eliminations.
2. Select Browse file manager from the menu.
   A pop-up window appears.
3. Select the file you wish to use.
4. When you are satisfied, Import the file.
   The file imports into your analysis.
5. Once the file has loaded, select Continue import.
   You will go to the first step in the import process.

Import using a data connector

Data connectors allow you to import all available data needed for an analysis at once. You can invite a client to connect or connect yourself to a data connector.

Learn about bulk importing using a connector.

Once the file has loaded, select Continue import. You will go to the first step in the import process.

Validate the data

Once you select Continue import, you can validate the data by reviewing the file details, integrity checks, and column preview. This information is available to help you determine whether the data has issues, or if you can proceed with it as it is.

If the data appears in a grouped format, MindBridge will not be able to analyze it. Select Format data to automatically format the data into an ungrouped format, then proceed with the import process.

Note: If the file contains multiple sheets, MindBridge will only analyze data on the first sheet in the file. If needed, you can use the split and merge tools in the File manager ( ) to extract and combine select sheets from the original file.

File details

These high-level file details can help you be sure that the imported data meets your expectations at a glance.

Integrity checks

These checks include detailed information on every column within the data. They may indicate issues with the file, but will not prevent you from continuing the import process.

Column preview

These statistics can help verify your expectations at a glance, and may assist you in finding anomalous data right away.

When you are satisfied that the data is correct, select Next to continue the import process.

To exit the import process, Close the page. MindBridge will save your progress.

Map columns

Once you are satisfied with the data's integrity, map its columns. Your existing column headers appear as draggable fields beneath Your Data Column Headers.

1. Drag and drop a field from Your Data Column Headers to the appropriate field beneath Mapped Columns.
2. If your data columns do not line up one-to-one with the MindBridge columns, use the more actions menu ( ) to split, join, or duplicate columns to make the needed adjustments, or add a column for filtering.
3. When you are satisfied, select Next to proceed.
   You will go back to the Data page.

To return to the previous page, select Back.

To exit the import process, select Close. You will go back to the Data page and MindBridge will save your progress.

Run adjustments

After importing any adjustment, reclassification, or elimination files, select Run adjustments to run these new files through the analysis. You can import current period adjustments multiple times, and make adjustments as required.

View adjustments

Once the adjustments have been run, the adjusted balances can be seen on the Financial statements, Trends, and Ratios dashboards.

1. Go to the dashboard of your choice.
2. Use the Adjustments toggle to show or hide the adjustments on these dashboards, as desired.

Anything else on your mind? Chat with us or submit a request for further assistance.