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Accounting Integration (Auto Journal Posting)

Automatic Journal Posting for Seamless Financial Record Updates

PrismERP’s Accounting Integration feature automates the creation of journal entries related to various financial transactions, ensuring that all accounting records are updated accurately and in real time without manual intervention. This automation reduces errors, improves efficiency, and maintains the integrity of financial data across the organization.

What is Accounting Integration (Auto Journal Posting)?​

This feature automatically generates and posts accounting journal entries based on business events such as loan disbursements, repayments, asset purchases, depreciation, and other financial transactions. It eliminates the need for manual journal entry, streamlining the accounting workflow and ensuring consistency across modules.

Key Features​

✅ Automated Journal Entry Creation​

  • Automatically records debit and credit entries according to predefined accounting rules.
  • Handles complex transactions involving multiple accounts and cost centers.

✅ Real-Time Financial Updates​

  • Reflects transaction impacts immediately in the General Ledger and related accounts.
  • Synchronizes with modules like Fixed Assets, Loan Management, and Inventory.

✅ Configurable Accounting Rules​

  • Supports customization of account mappings, transaction types, and posting logic.
  • Adapts to organizational chart of accounts and local accounting standards.

✅ Error Reduction and Audit Trail​

  • Minimizes manual data entry errors and omissions.
  • Maintains a detailed log of auto-posted entries for audit and compliance.

✅ Multi-Branch and Multi-Currency Support​

  • Posts journal entries considering branch-specific accounts and currency conversions.

Integrated Modules​

  • General Ledger
  • Loan Management
  • Fixed Assets
  • Accounts Payable & Receivable
  • Inventory & Procurement

With PrismERP’s Auto Journal Posting, your financial records stay accurate, up-to-date, and compliant—supporting seamless accounting operations throughout your enterprise.