We’re proposing a major enhancement to journal processing by integrating key journal types - such as accruals, prepayments, deferred income, and deferrals - directly with the AP and AR ledgers, enabling full alignment with customer and supplier account schedules. Currently, these journal types are posted independently of AP/AR, limiting visibility, traceability, and automated reconciliation. With this change, journal entries would be linked to specific accounts and schedules, allowing finance teams to allocate and track costs or revenue across periods with greater transparency. The feature would also support automated frequency-based spreads (e.g. monthly, quarterly, custom finance calendars), enabling more efficient handling of multi-period postings with automated reversals or recognitions. This integration would provide a more robust audit trail, improve reporting accuracy, and bring increased automation and control to period-end processes.
