What's new in Customer Journeys?

Connect and learn more! ×
Journal Entry - Best Practices — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Journal Entry - Best Practices

Received Response
edited Jul 9, 2020 6:15PM in Account Reconciliation 7 comments


What is the best method for reclassing transactions?


We have a case where there are multiple reclasses being made in a customer's home-grown account reconciliation tool today. The tool can both (a) recognize through logic cases requiring reclasses, create an equivalent "adjustment", generate the journal entries, and then send to their G/L and (b) have a user create a reclass "adjustment" that is approved in the system, system auto-generates journal entries, and send to the G/L.

My understanding is that ARCS does not have a workflow for requiring the approval of an adjustment. These are the steps the client wants:

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!