An adjusting entry is a journal entry made at the end of an accounting period to update account balances and ensure accurate financial statements. It is typically used to record expenses or revenues that have been incurred or earned but not yet recorded. Adjusting entries help align the income statement and balance sheet with the accrual basis of accounting by recognizing revenues and expenses in the period they are earned or incurred, rather than when cash is exchanged.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Bringing the Trifecta Power - Automation, Analytics, AI
Recommended Digital Assets for You
Suggested Resources
Go Digital in Your Credit Department
Digital Order-to-Cash: A Roadmap to Cash Application Automation (Part 3 – Happy Customers, Happy Shareholders)
Data-driven Finance – The Order-to-Cash Case Study
Digital Credit: Onboarding the Customer
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
AR Automation for MS Dynamics
Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
