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Source truth: - Journal Entries - Source Documents - Posting and Reversal

Daily Accounting

Daily accounting covers routine transaction recording.

  • Attach source documents to every entry where applicable.
  • Ensure journal entries balance before posting.
  • Use explanations that make the transaction clear.

Manual entries

Use a manual journal entry when the accounting effect is known and approved, and the work is not better handled by a sales, purchase, inventory, banking, or other source workflow.

Before posting, review:

  • accounting date;
  • debit and credit accounts;
  • amounts;
  • explanation;
  • source evidence when required by policy.

Manual entries should begin as drafts. If a reviewed entry changes before posting, review it again.

Posted entries are corrected through reversal or adjustment, not silent editing.

Source support

Material transactions should have support that explains:

  • who;
  • what;
  • when;
  • amount;
  • business purpose.

Treat missing support for material items as a review exception.