Journal entry tip of the week: month end.

Journal entries (including journal imports) must pass all validations and approval stops before posting to the general ledger.  At month end, if a journal has not passed all validations and approval stops by the third business day in the month following the date of the journal, it will be re-dated to the following month and re-enter the workflow.  All history and comments on the journal are re-set at this time.

Journals dated in December must pass all validations and approval stops by January 6th (3rd business day).

Want to learn more about journal entries?  Visit the training website or give us a call at 701-777-5672.