About Journals

During a financial period, you may need to adjust data after it is entered or loaded into base-level entities. Journals provide an audit trail of changes made in the application and indicate which users made adjustments and which accounts, entities, and time periods are affected.

With journals, you can:

• Create double-sided journal entries by using debits and credits

• Balance entries, or permit single-sided, out-of-balance entries

• Create recurring journals that are repeated for a number of future periods

• Create auto-reversing journals that generate reversing entries in the next time period

• Use the journal approval process to provide accountability

After creating a journal, you submit it to your supervisor for approval before posting it to the database.