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What is Benchmark Block and how does it work?
Benchmarking block consists of two opposite blocks. These blocks accumulate debits or credits of multiple accounts between two dates. It finds the total value of the block by taking the percentage value entered in each block line. The same process is applied in the second block and the total value is found in the second block. Rules are put in place to compare two blocks.

The comparison rules are as follows.

The defined % value of the total value of the first block must be equal to the total of the second block.
The defined % value of the total value of the first block must be greater than the sum of the second block.
The defined % value of the total value of the first block must be greater than the total of the second block. must be less than or equal to the total value of the first block.
The defined % value of the total value of the first block must be greater than or equal to the sum of the second block. should be.

Definitions

Chart of Accounts: The balance in the selected chart of accounts is taken.
Transaction Type: The type of transaction recorded in accounting is selected. For example, Bank Transfer filters the records made with the bank transfer transaction type in this chart of accounts.
% - Percentage: It is determined what percentage of the balance in the chart of accounts will be taken.
Description: It is the explanation given to the line.
Debit/Credit: Filter the value of the debit or credit balance.
Inter-Block Comparison Criteria: >, <, =, >=, <= değerleri ve % yüzde değeri girilir. Böylelikle birinci bloğun ikinci blokla kıyaslama ölçüsü belirlenmiş olur.
2. Block Chart of Accounts: The balance in the selected chart of accounts is taken.
2. Block Transaction Type: The transaction type that is recorded in accounting is selected. For example, if it is Bank Transfer, this filters the records with the bank transfer transaction type in the chart of accounts.
2. Block % - Percent: It is determined what percentage of the balance in the chart of accounts will be taken.
2. Block Description: This is the description given to the line.
2. Block Debit/Credit: Filters the value of the debit or credit balance.
Transaction Day: Determines which period and day it works.
Working Ledger: Which of the workbooks created by copying Uniform, IFRS or Accounting spreadsheets will be used

When audit templates designed with Magic Auditor are run, benchmark results are produced as follows.

Multiple account blocks can be added to Magic Auditore. For example; Wizards can be developed for different purposes such as monthly capital adequacy, ratio of short-term debts to receivables. A design saved with Magic Auditor can be run by filtering between two dates whenever desired. When Magic Auditor runs, a report is generated. The user can archive the report.

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daha açıklayıcı olmalı.

nalan livan - 04/12/2024

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Magic Auditor

Magic Auditor is a solution that increases the efficiency of businesses by automating and making smart their finance, accounting and financial auditing processes. It was developed to compare accounting records through ben...

Type: WBO Version: Holistic v3 Licence: Standard Author: Workcube Core