Automate journal entry into an accounting system/journal system after proprietary payments, including for vendors, real estate, invoices, etc., to significantly speed up the process, improve accuracy, and free up resources.
Journal Entry is one of the most common and time-consuming processes in accounting, affecting nearly every finance department’s workflow. Traditional Journal Entry processing for General Ledgers receives each entry by a workflow tool with a template attached. The entry is validated, balanced, and then posted to General Ledger.
Most manual journal entries are created within a few days during monthly closing. Employees must calculate trial balances, journalize transactions, prepare financial statement reports, and other routines. This makes the work of accountants and controllers stressful, as overtime work is often required. This can lead to cut corners with auditing, control, and approvals of the entries.
Our cloud-based Intelligent RPA provides a more efficient process for journal entries. Our solution:
Directly obtains value lists from your ERP system
Validates data against your ERP rules
Automatically creates accrual journals and reversals
Provides journal status monitoring throughout the workflow
Uses efficient filters and search options
We make entering manual journals easy and fast, allowing your employees to focus on more valuable, complicated, and non-routine tasks.
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