Journal Detail Report
Journal Entry Deep Dive
The Journal Detail report provides a line-by-line breakdown of journal entries, including specific transactions, account categories, and financial impact. It’s designed to give users a deeper understanding of how each journal entry affects liabilities, assets, income, and profit/loss.
Benefits:
- Detailed Financial Review: Ideal for users who need to trace individual transactions and understand their impact on financial statements.
- Audit Support: Useful for auditors or finance staff verifying the accuracy of journal entries.
- Error Investigation: Helps identify and correct misposted entries or discrepancies.
- Training & Learning: Great for new users learning how journal entries flow through the system.
Who Uses the Journal Detail Report, How Often, and Why
|
Office Manager |
Monthly, as needed |
Reviews detailed transactions to ensure accuracy and investigate discrepancies in financial records. |
|
Controller |
Monthly, audits, as needed |
Performs in-depth analysis of journal entries for compliance, reconciliation, and audit preparation. |
|
Accounting Clerk |
Weekly to monthly, as needed |
Traces individual transactions, corrects misposted entries, and supports training or onboarding. |
|
General Manager |
Occasionally |
Gains a deeper understanding of specific financial impacts or investigates unusual account activity. |
|
Fixed Ops Director |
Occasionally |
Reviews detailed entries related to service/parts operations for accuracy or to resolve issues. |
|
Payroll Administrator |
Monthly or during payroll audits |
Verifies payroll-related journal entries and investigates any payroll discrepancies. |