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Journal Entry Automation

Elevate your finance operations

Advanced subscription accounting automation that blends efficiency
and user control.

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Benefits

Precision-built to empower finance teams

keylight’s Journal Entry Automation simplifies transaction recording, identifies errors,
and handles complex revenue adjustments—fully compliant with GAAP and IFRS.

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Seamlessly connect commercial activities
to journal entries

Automate journal entries for subscription activities, including upgrades, downgrades, and revenue deferrals.

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Eliminate errors with automated revenue adjustments

Ensure accurate revenue calculations as keylight books journal adjustments for the current or subsequent accounting period.

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Ensure audit readiness
with a reliable financial
data framework

Review detailed transaction events and consolidate precise data for the general ledger and financial reporting.

Journal Entry Automation

Capability overview

Transaction Records

Automate journal entries for all subscription activities and their
related transactions. 

test checkmarkDeferred Revenue
test checkmarkReconciliation Events

test checkmarkAR / AP / Other Ledgers
test checkmarkGL Integration

Transaction Records – 1

Smart Adjustments

Simplify journal adjustment processes through automated accounting period validation and correction rules.

test checkmarkDiscrepancy Detection
test checkmarkForeign Exchange Losses & Gains 
test checkmarkVoiding & Write-Offs
test checkmarkJournal Correction Types
test checkmarkBatch Jobs

Smart Adjustments-New

Journal Entry Statistics

Enhance financial transparency with
lean records and generate comprehensive reports from structured data.

test checkmarkEffective Transaction Events
test checkmarkCustom Journal Entry Reports
test checkmarkAudit Trail

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All Capabilities

Faster and more accurate journal entry workflows

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   Transaction Records

Automate journal entries with rules

Configure billing and accounting policies to streamline accounting processes.

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Deferred Revenue-2Deferred Revenue
Define revenue recognition rules to automate journal entries based on contract terms.

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Reconciliation Events Reconciliation Events
Enable seamless reconciliation processes in keylight to auto-record validated transactions.

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AR  AP  Other Ledgers 2AR / AP / Other Ledgers
Automatically post journal entries to ledgers aligned with your accounting framework.

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GL Integration-1GL Integration
Easily export data or synchronize with your ERP system to streamline your financial workflow.

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   Smart Adjustments

Automate your journal corrections

Validate the accounting period and book the appropriate entry using sophisticated automation logic.

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Discrepancy Detection 2Discrepancy Detection
Easily identify inconsistencies in your journal entries and accounting records.

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Foreign Exchange Losses & GainsForeign Exchange Losses & Gains
Easily automate adjustments needed for changes in currency conversion rates.

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Voiding & Write-Offs 2Voiding & Write-Offs
Simplify tasks associated with voiding transactions and writing off uncollectible items.

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Journal Correction Types 2Journal Correction Types
Book the appropriate journal entry type for corrections and adjustments.

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batchBatch Jobs
Use filters and conditions to execute bulk corrections efficiently.

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   Journal Entry Statistics

Monitor transaction and journal entry events and create structured data views for clear reporting.

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Custom Journal Entry ReportsEffective Transaction Events
Summarize transaction events to a final entry pre-period close for a lean journal record.

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TypesCustom Journal Entry Reports
Create custom data views based on journal entry data for financial transparency.

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Audit Trail 2Audit Trail
Rely on an event-based engine for traceable records of transaction and journal activities.

keylight Platform
A subscription system that
is ready for the future

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