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Public Interest Score Calculation (Desktop) ​

What it is: A built-in calculator in Draftworx Desktop that computes a company's Public Interest (PI) Score and determines which financial reporting framework applies, based on South African Companies Act requirements.

What it's for ​

Under the South African Companies Act, every company must calculate its Public Interest Score each financial year. The score determines whether the company must be audited, reviewed, or can compile its own statements, and which accounting framework it must use. Draftworx Desktop includes a dedicated screen that guides the accountant through the required inputs and automatically produces the score and the correct framework recommendation — removing the need for manual calculations.

How to do it ​

  1. Navigate to Public Interest Score within the client file.
  2. Use the drop-down menus to select:
    • Type of Entity (e.g. private company, close corporation, non-profit company)
    • The manner in which the financial statements have been compiled (independently compiled, independently reviewed, audited, etc.)
  3. Enter all relevant financial and entity details:
    • Revenue — total income received for the year (including foreign income)
    • Turnover — income generated in South Africa from regular business activities (excludes foreign income)
    • Number of employees, beneficial interest holders, and other required fields
  4. Once all information is entered, the PI Score is automatically calculated and the required Framework (IFRS, IFRS for SMEs, or other) is displayed.

Source ​

https://draftworx.helpjuice.com/desktop/draftworx-desktop-public-interest-score-calculation

Walkthrough: https://scribehow.com/viewer/Draftworx_Desktop_Public_Interest_Score_Calculation__DX177__0ahZhaaWTc6dgTyd_SmsIA