Calculation Rule Types

Calculations in JustPerform are performed through Business rules, which are parameter-driven functions within models for calculating in support of common planning and accounting activities. The business rules on the platform are navigated under Drive menu of the space explorer.

Rule Types

Carry Forward - Moves the closing balances of previous year to current period. The carry-forward rule populates the opening balances for the current year with the closing balances of the prior year's last period.

Account Reclassification - Defines rules that reclassify balances from one source dataset to the target dataset. Dataset referring can be as simple as from one source account to another target or as complex as combination of field members.

Currency Conversion - Converts entity data from its respective local currency/functional currency to other reporting currencies or group currency for group reporting or consolidation purposes. Exchange rates can be preset and maintained under Rates.

Intercompany Elimination - Defines Intercompany matching rules to reconcile and eliminate transactions within different companies within a group. For any differences between transactions, the system will autogenerate and post Offset values to offset account defined.

Automatic Journal - System-defined journal postings based on consolidation elimination rules defined as per the Ownership structure. Necessary postings are generated and posted for each execution. Rules refer to Consolidation, Ownership model with relationship between entities when consolidated at group/subgroup level.

Allocation - Redistributes source dataset values to single/multiple datasets based on driver values. Typical use cases are shared cost allocation, Admin/marketing expenses allocation, product costing, profitability and cost analysis, cost distribution and management reporting.

Account Mapping - Transforms or copies source dataset values to target. Used for simple cases like copying data to advanced cases of building the indirect cash flow from PL and BS.

Value Driver Tree - Visual representation of business model covering key metrics and establishing relationship between key metrics and underlying drivers using basic mathematical functions as well as advanced functions.

Note: Automatic Journals are primarily applicable for consolidating use cases.