Enterprise journal Approval Workflow

Summary:

We have a detailed Enterprise Journal authorization policy with multiple approval bands (e.g., Band 4, Band 5, Band 6), driven by the following logic:

• Different approval thresholds for Income Statement vs Balance Sheet / Cash Flow accounts
• Approval limits determined by the greater of total Debits or Credits
• Approval levels based on defined monetary bands (e.g., $1M, $5M, $10M)

Example:
If a journal includes:

• Debit: Balance Sheet $0.5M
• Credit: Revenue $1.0M
• Debit: Expenses $0.5M

The approval requirement is determined by the $1.0M gross credit to the Income Statement, resulting in a Band 6 approval.

(If the gross credit were $5M then the