Journal and period review

Step by step

1. Choose period Staff Accountant

   Staff Accountant selects the organization and accounting period for the entry.

   • Sets period and entity context
   • Updates Accounting periods, Organizations

2. Prepare header Staff Accountant

   Staff Accountant records the entry date, source and description.

   • Creates Draft entry
   • Updates Journal entries

3. Code lines Staff Accountant

   Staff Accountant adds debit and credit lines against ledger accounts with the appropriate posting type.

   • Records debit and credit account detail
   • Updates Journal lines, Ledger accounts

4. Check balance Staff Accountant

   Staff Accountant compares rolled-up debit and credit totals and investigates the out-of-balance result.

   • Compares totals and out-of-balance result
   • Updates Journal entries, Journal lines

5. Review entry Controller

   Controller examines source support, coding, organization and period before accepting the posting state.

   • Reviews Posted or Reversed state and support
   • Updates Journal entries, Record attachments

6. Review period Controller

   Controller checks remaining draft entries when preparing the period for close.

   • Finds remaining Draft work
   • Updates Accounting periods, Journal entries

Staff Accountant

Prepares and checks journal detail; Controller reviews the entry and period; External Auditor reads retained support.