Setup Accounts
Compliance Accounts
Purpose This article explains how compliance accounts such as GST, PAYGW, Superannuation, and Payroll Tax are calculated and projected in Magnifi, and how they flow into the Balance Sheet. When to Use Refer to this guide when you want to: Understand ...
Accounts - Merge
Purpose To explain how to merge two accounts in Magnifi so that actual and budget values are combined and reporting is clearer. When to Use When you have added a manual account in Magnifi and want to merge it with a similar account imported from your ...
Accounts - Archive
Purpose To explain how to archive and restore accounts in Magnifi so your Chart of Accounts stays clean while preserving historical data for reporting. When to Use When you no longer want an account to appear in the active Chart of Accounts. When an ...
Capacity Link
Purpose To explain how to link projected employee capacity with projected income in Magnifi. This ensures your Capacity Drivers feed into the correct income accounts in the Profit & Loss Projection. When to Use When you want to automatically connect ...
Payment Terms - Set & Manage
Purpose To explain how to set and manage the terms (customer receipts and supplier payments) and compliance terms (GST, PAYGW, Superannuation, Payroll Tax) in Magnifi so cashflow projections reflect the correct timing. When to Use When linking Profit ...
Accounts - Link Profit and Loss to Balance Sheet
Purpose To explain how to link Profit & Loss accounts to Balance Sheet accounts in Magnifi so projections balance correctly and cashflow movements are recorded in the right place. When to Use When setting up your Chart of Accounts for the first time. ...
Calculations
Purpose To explain how to use calculations in Magnifi to automatically derive account balances as percentages of other accounts. This feature simplifies projecting costs or revenue that move in line with other accounts. When to Use When you want to ...
Account Types
Purpose To explain how Account Types are used in Magnifi, including special account designations such as Capacity Building, Inter-Entity, Inter-Group, Retained Earnings, GST, PAYGW, Income Tax Expense, and Dividends. Correctly specifying Account ...
Account Categories
Purpose To explain how Profit & Loss and Balance Sheet account categories work in Magnifi, and how to add, amend, or delete categories so reports display correctly. When to Use When setting up your Chart of Accounts for the first time. When you need ...
Import Accounts - Xero or CSV
Purpose Bring your account list into Magnifi from Xero or a CSV file, then complete mappings—types, categories, divisions so projections and reports stay accurate. When to Use You’re setting up a new organisation or refreshing the Chart of Accounts. ...
Accounts - Add, Edit and Delete
Purpose To show you how to add, edit, and delete accounts in Magnifi, ensuring your Chart of Accounts stays accurate and aligned with your reporting needs. When to Use When setting up your Chart of Accounts for the first time. When adding new ...
Chart of Accounts - Overview
Purpose Provide a clear, tab-based guide to configuring the Chart of Accounts in Magnifi. Core accounts live under Profit & Loss and Balance Sheet. The Payroll Link, Calculations, and Capacity Link tabs provide additional configuration that ...
Accounts - Payroll Linking
Purpose To explain how to link Magnifi’s payroll projection accounts (from labour drivers) to your internal payroll accounts (e.g., in Xero). This ensures projected labour costs can be compared accurately to your actual payroll costs for reporting. ...