After you load or enter data into the database, you might need to make adjustments to it. Journals enable you to make adjustments to accounts after the data is loaded or entered. They provide an audit trail of changes made in the application and indicate the accounts, entities, and periods that were affected.
You can create balanced journals, unbalanced journals, recurring journals for future periods, or auto-reversing journals to create reversing journal entries. In addition, you can use journal templates to post journals that have common adjustment information.