November 2024

Journal Entry Cloning

You can now streamline your data input process by cloning existing journal entries! This feature allows you to copy over key details from an existing entry, reducing repetitive data entry. Certain fields—such as Journal Entry ID, Transaction Date, and Debit/Credit amounts—will not be cloned, ensuring accurate and customized entries.

October 2024

Journal Entry Management: Automated and Ad Hoc Reversals

Effortlessly manage your journal entry reversals with FloQast. Simply check “Schedule Reversal” when creating an entry, set the reversal date, and Journal Entry Management will automatically generate a reversing entry on your behalf. If you prefer more flexibility, use the streamlined Ad Hoc Reversals process - just find your entry, click “Reverse,” and Journal Entry Management will flip the amounts for you. Both the original and reversing entries are linked, making it easy to track and manage your financial records. Depending on your ERP connection, these reversals may be reflected directly in your ERP.

Journal Entry Management Exports

You can now export all Journal Entry (JE) information, making it easier than ever to share with your auditors and streamline your reporting processes. The export is located on our new search page!

Journal Entry Management Searchable Table

We’ve introduced powerful new search, filter, and sort capabilities in Journal Entry Management. You can now click through status charts to view filtered entries and easily navigate the 25 most recently updated JEs from the homepage table. Search by JE number or memo, sort by amount, and filter by status or preparer to take quick action. Use quick filters like "My Task" and "Ready for My Review" to find your work faster.