Daily Journal

This page reviews everything related to the journal page, how to access it, its concept and features, as well as its uses.

To access the “Daily Journal” page, please follow the following instructions:

• Begin by clicking on the “Financial” menu in the main menu.
• Then, click on “Account Review” available in the top toolbar of the page.
• Next, click on the link for “Daily Journal.”

Concept and Features of the “Daily Journal” and its Uses:

• Concept of Daily Journal:

The Daily Journal serves as a fundamental cornerstone in the accounting system, playing a prominent role in recording documentation for all accounting entries executed across various departments of an organization. Its primary purpose is to meticulously document all financial flows and financial events affecting the company during a specific timeframe. The Daily Journal is considered a reliable source of financial data and an accurate record of daily accounting activities.

• Uses of the “Daily Journal” Page:

1. 1. Recording Accounting Entries: The Daily Journal tops the list of essential accounting tools, used for recording all daily accounting entries. This includes recording cash transactions such as cash receipts and cash disbursements, as well as documenting sales and purchase transactions, and recording details of financial transactions related to salaries and wages, along with general expenses incurred by the company or organization.
   2. Auditing and Reviewing Entries: The Daily Journal plays a vital role in accounting auditing and review processes. Audit and review teams can use the Daily Journal records to verify the accuracy and precision of financial data recorded. This helps achieve balance and accuracy in accounting records and enhances the credibility of financial reports.
   3. Viewing and Modifying Documents: Through the Daily Journal, you can view any document stored within the system. You have the ability to modify these documents according to your specific needs and requirements. This offers great flexibility in managing accounting records accurately and efficiently.
   4. Accessing Details of Accounting Entries: The Daily Journal allows you to easily review accounting entries associated with any document. This is done through a dedicated button at the end of each transaction that you can click on to view the details of the connected accounting entry.
   5. Printing Documents and Keeping Hard Copies: The ability to print documents from the Daily Journal is essential. You can print any recorded document and keep a hard copy. This helps maintain accurate and reliable records, contributing to tracking and documenting financial activities.

• Advantages of the “Daily Journal” Page:

1. 1. Comprehensive Documentation: The Daily Journal provides comprehensive and detailed documentation of all accounting entries. This documentation allows for the precise recording of every financial transaction along with its complete details. This significantly contributes to proving the accuracy and integrity of stored financial records and compliance with accounting standards.
   2. Precise Tracking: The strength of the Daily Journal lies in its precise tracking of every financial transaction. It allows the recording of each transaction with its details, making it easy to monitor and track the flow of financial operations over time. This facilitates both internal and external auditing processes and can help identify any errors or irregularities in the records.
   3. Ease of Access: The Daily Journal offers easy access to all its records for financial managers, audit teams, and reviewers. Thanks to this ease of access, effective verification and review become straightforward. Users do not need to put in significant effort to find the required financial information.
   4. Available Search Filters: The Daily Journal enhances efficiency with available filtering and advanced search options. Users can use these filters to specify specific sets of records and entries based on specific criteria. These filters will be explained in detail to ensure efficient usage to meet users’ needs.

2. Available Search Filters Include:

   1. Reference Filter: Through this filter, you can access documents with specific reference markers. You can simply specify the code or reference mark you want to search for, and the system will provide all documents with the specified reference.
   2. Statement Filter: This filter allows you to search for documents based on the statement associated with them. You can input the text or keywords related to the statement, and the system will provide you with all matching documents.
   3. Type Filter: Using this filter, you can specify a certain type of documents you are looking for. For example, you can select to view only “Sales Invoices” or choose to display all document types available in the system.
   4. User Filter: This filter enables you to search for documents that were created or executed by a specific user. You can specify the username, and all documents related to that user will be displayed.
   5. Date Filter: With this filter, you can specify a specific time period for searching documents. You can set the start and end dates, and the system will show documents created or dealt with during this period.