Journal Account Report
Accounts Impacted
The Journal Account Report provides a detailed view of all accounts impacted by a specific journal within a selected date range. It lists each account number, description, and the corresponding debit or credit amounts for that journal entry. This report is designed to help users understand how individual journals affect multiple accounts, ensuring accuracy in posting and supporting reconciliation efforts.
Benefits:
- Journal-Level Review: Ideal for verifying the accounts and amounts associated with a specific journal entry.
- Error Detection and Correction: Used when investigating discrepancies or misposted entries within a journal.
- Audit Support: Provides auditors with a clear breakdown of accounts impacted by each journal for compliance checks.
- Month-End Close: Helpful for confirming that journal postings align with financial reporting requirements.
- Training and Learning: Useful for new staff learning how journals flow through the accounting system.
Who Uses the Journal Account Report, How Often, and Why
|
Office Manager |
Monthly or as needed |
Reviews journal postings to confirm accounts impacted and ensure accuracy before closing books. |
|
Controller |
Monthly, audits, as needed |
Verifies journal-level details for compliance, reconciliation, and audit preparation. |
|
Accounting Clerk |
Weekly to monthly |
Checks account postings within journals to detect errors and confirm correct allocations. |
|
General Manager |
Occasionally |
Reviews journal summaries for high-level oversight of financial activity. |