Review balanced journal lines and the open period before recording a posting outcome.
Finance Manager creates the Draft journal from the approved document. Select the period and posting date, then link each debit and credit line to its ledger account. Compare the totals and retain enough source-line context to trace the financial movement back to the fee.
Finance Manager reviews the account treatment, balance and period under the practice's agreed reviewer policy. Confirm that the posting date falls within the selected Open period before the journal moves from Draft to Approved. Resolve an imbalance or unsuitable period before making the decision.
Run the posting handoff for the approved work and check the resulting journal and document. Record the posting time when they reach Posted. If the outcome is uncertain, examine the existing operation and its effects before retrying; a request that was sent is still something to reconcile.
Finance Manager compares posted sources and ledger totals and investigates unresolved operations. Move the period from Open to Review while checking the closing position. Finance Manager approves closure, records the closure date and moves it to Closed when the agreed reconciliation is complete.
And how to keep it from happening.
Start free, then use Proto to change fields, steps and approvals before your team goes live.