Qoyod Journal entry structure

In this step, you can select to have a summarized journal entry, or a detailed one per cost center, employee, or payment method.

1- Journal Entry Grouping :

This configuration would group and create a separate journal entry file per the selected entity.

Example: if you selected to create a journal entry file per location, the system would create a separate accrual journal entry for each location.

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2- Cost Centers Information :

Once the admin activates this configuration, it would help to select required cost centers and employee information that would be included in the journal entry lines.

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3- Journal Entry Description :

This configuration would allow the admin to customize the description of the journal entry file and journal entry lines.

The description helps the finance team to recognize the journal entries in the review process in Qoyod.