August 2024
Journal Entry Reviewer Assignments
You can now designate specific individuals to review journal entries prepared by others, with safeguards in place to ensure users cannot review their own entries. Additionally, settings can now be applied at the entity level, offering more flexibility than before. Journal Entry Management is also now fully integrated into the close workflow for a more seamless experience.
Journal Entry Management NetSuite Integration
We’re excited to announce that FloQast’s Journal Entry Management (JEM) module now integrates with NetSuite! Enjoy all the great features from our QBO integration with a setup time of less than a minute per entity. No technical team is required for implementation. The Journal Entry Management experience remains seamless across ERP connections, making it feel like you’re working within a single system.
Journal Entry Management Activity Log
The Activity Log in Journal Entry Management provides comprehensive tracking for all key actions related to journal entries. Key features include a full history of interactions, showing who created, modified, or approved each entry, along with timestamps and user details. You can track approval and rejection records, as well as any changes to settings that may impact journal entries.
Journal Entry Management
FloQast’s Journal Entry Management module integrates journal entry booking directly into FloQast, removing the need to switch between FloQast and your ERP. If your ERP lacks an approval workflow, you can use FloQast’s built-in approval process. The module offers flexibility to configure journal entry templates to match your ERP’s requirements and includes additional controls like requiring supporting documentation, which can be locked once under review. The streamlined Activity Log provides visibility into journal entry statuses—Prepared, In Progress, In Review, and Rejected—along with clear context for rejections, helping improve accuracy and efficiency. Journal Entry Management is currently only available to QBO users.