This sample policy ensures all manual journal entries to a company’s general ledgers are properly prepared, supported by adequate documentation, reviewed, approved and recorded and that journal records are maintained in accordance with audit requirements. It also requires that non-routine journal entries over an established amount be reviewed and approved by the chief financial officer prior to being recorded. Non-routine journal entries are identified and reported each month to corporate.
This policy covers all general ledger accounts. It covers journal entries that are manually prepared to record necessary business events or to summarize post activity from lower level systems into the general ledger.