Getting Started with Journal Entry

Journal Entry is part of an organization’s financial processes. Users can automate month-end journal processes such as creating, reviewing, and approving journals. Users can also electronically certify and store journal entries with all supporting documentation. Automation rules allow Journal Entry to be created and posted automatically. It provides a permanent audit trail and helps eliminate error-prone journal entries.

A newly added Journal Entry goes through these processes:

1. The Preparer manually uploads a Journal Entry.

2. The Journal Entries are automatically validated for technical details.

3. Based on the approval matrix, the Journal Entries may need approval.

4. An audit trail archive is created for the newly created Journal Entries.