What is Magic Accounter and How Can You Use It?


Different purpose transfer records such as reflection, capitalization, and time-saving are made between the accounting accounts. Magic Accounter is a wizard that aims to standardize and ease these transactions, which are made one by one with offset receipts.


Route: ERP > Finance - Accounting > Audit > Magic Accounter


How does the Calculation Block work?

The calculation block takes the % percentage defined in the wizard from the debt or credit balance consisting of transactions between two dates from multiple accounts. If the obtained amount is a debt, if it is receivable, if it will correspond to debt, it is transferred to the selected receivables by dividing it as a percentage.

The transferred amount can be processed again if requested. Secondary transfer-reflection is done by dividing the selected accounts as % percentage. The sum of the second transfer-reflection amount is transferred to the counter accounts.

There can be many blocks in a wizard, each block does the debt-credit equality within itself.
 

Multiple account blocks can be added to Magic Accounter. Each block of accounts should provide debt-credit equality and be consistent.

Magic Accounter can split uniform account balances to multiple accounts for IFRS. E.g; If the subscription-based employee and sold subscription fee are collected in advance, the annual cash collected can be transferred to 12 separate accounts with 100/12%. A Magic Accounter designed for this purpose will be run every month, and the balance in the advance subscription sales account will be divided by 12 months at the end of each month.

Similarly, a design can be made to set aside reserve funds, dividends to be paid to partners, and tax provisions against the end-of-period profit account balance. It is possible to diversify the examples.

A design registered with Magic Accounter can be run by filtering between two dates when desired. An offset receipt is generated when Magic Accounter runs. The user selects the record type when saving the offset receipt. Uniform, IFRS, and a combination of both can be registered.


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