Recurring Journal Entries

Journal Entry

Create additional efficiencies in your Close process by streamlining the process of defining, scheduling, and posting your recurring journal entries

Instead of manually creating recurring journal entries, you can significantly reduce the time, effort, and opportunity for error in this part of your Close process by proactively defining the accrual, depreciation, amortization, or allocation details and scheduling an automatic posting.

 

Trintech’s Journal Entry management capabilities create a fully integrated workflow solution that provides governance and management oversight, allowing organizations to finally take control of their manual journal entry process. The solutions enforce policies and procedures while delivering real-time visibility into the status of journal entry preparation, approvals, and posting, while also allowing you to proactively schedule postings.

Now, companies can significantly increase the efficiency of their JE process, while reducing costs and risk of errors.

Define Automation

When you proactively define and automate your journal entries, you can ensure standardized preparation for all entries and a smooth reconciliation process for account reconciliation-based adjustments.

Automatically Schedule Postings

Instead of manually creating recurring journal entries, you can significantly reduce the time, effort, and opportunity for error in this part of your Close process by proactively defining the accrual, depreciation, amortization, or allocation details and scheduling an automatic posting.

Reduce Close Accounting Period

By facilitating two-way communication from any third-party system to input, route, and close assigned tasks, our solution allows you to clearly define your process, create strong governance, and ultimately remove the ambiguity that can create a lengthy Close process.

Let us help you find solution to fit your organization’s needs.

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Related Case Study

Case Study

Commerce Bank

Commerce Bank selected Trintech’s reconciliation solution for its flexibility and adaptability. Since implementation, automation is contributing to not only a faster financial close for Commerce Bank, but also a more accurate one due to the workflow in Trintech’s solution. Every facet of the reconciliation process is visible via executive dashboards, which allow users to drill down to information based on their organizational role. To learn more, download the full case…

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