What problem does it solve?
It solves the month-end struggle of producing accurate, balanced journal entries with clear support so debits, credits, and documentation are ready for review and approval.
Core Features & Use Cases
- Standardizes entry preparation: Helps structure accruals and adjustments (including accounts payable accruals, fixed asset depreciation, prepaid expense amortization, payroll accruals, and revenue recognition).
- Drives audit-grade documentation: Guides what to include in memos, calculation support, source references, period selection, preparer/approval evidence, and whether the entry should auto-reverse.
- Enables consistent review workflows: Uses a threshold-based approval matrix and a pre-approval checklist to catch common errors like wrong period, wrong sign, duplicates, missing reversal, and cut-off issues.
Example use case: You received goods/services but not the invoice yet, and you need an accrual that reverses next period with calculations tied to purchase orders or contract terms.
Quick Start
Use journal-entry-prep to draft a month-end journal entry for prepaid software amortization, including the memo, calculation logic, required supporting documentation, and the correct auto-reversal guidance for the next period.
