Journal Entries

Journal Entries Approval Workflow

Automate journal entry creation, multi-level approvals, and double-entry posting to any ERP or GL system — with full auditability and compliance controls built in.
Why ReconArt

How ReconArt Streamlines the Journal Entry Approval Process

  • Accurate journal entries

    Ensures all JEs posted to the General Ledger (GL) are generated under unified standards, eliminating inconsistencies and manual errors.

  • Multi-level approvals

    Sets up a chain of review and approval responsibilities as needed for compliance and enhanced control over journal entry posting.

  • Expanded functionality

    Generates JEs from exception transactions, matched transactions, or other adjusting items — extending automation beyond basic reconciliation.

  • Configurable approval workflow

    Define approval steps based on amount thresholds and the risk profile of the accounts, adapting to your organization’s control requirements.

  • Seamless ERP integration

    Supports double-entry posting to any ERP or GL system, ensuring journal entries flow directly into your financial infrastructure.

  • Full audit trail and compliance

    Maintains a complete, timestamped record of every journal entry, approval action, and adjustment — ensuring full transparency for all stakeholders. 

Process

How It Works From bank feed to certified close

Step 1

Generate

Automatically generated from a balanced reconciliation group, capturing matched items alongside variance entries such as bank fees and period differences, pre-mapped to the right posting accounts and ready to go.

Step 2

Approve

Each entry passes through a configurable single-level or multi-level approval workflow, with role-based sign-off at every stage and a full audit trail maintained from creation to final approval.
Step 3

Post

Approved entries are automatically posted into the target system without manual intervention, delivering a clean, traceable ledger entry ready for period-end close and audit.
Key Benefits

Key Benefits of ReconArt's Journal Entry Process Automation

ReconArt streamlines reconciliation and journal entry management with automation, accuracy, and compliance. Seamlessly integrating with ERPs, it enhances visibility and control.

01

User-friendly solution

Designed for self-sufficient business users to manage reconciliations and journal entries posting independently, without IT dependency.

02

Streamlined workflows

Automates journal entry creation and approval processes, and schedules exports to reduce error-prone manual data entry.

03

Integration ready

Connects effortlessly with ERPs, GLs, and internal accounting platforms for seamless double-entry posting.

04

Real-time insights

Provides full transparency into reconciliation progress, exceptions, and approval workflows for efficiency and auditability.

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