Logix Platform August 2024 release
LogixPlatform introduces a new financial entry approval feature designed to enhance auditing processes. This feature ensures that every ledger entry requires approval by an authorized user. Once approved, the entry will be locked, preventing any further modifications.
Steps to Use the Financial Entry Approval Feature:
Navigate to the Finance Module From the main dashboard
Click on the Transaction Approval Sub Module within the Finance Module.
Select the Operating Unit, Account, and Date .
Filter the entries by selecting the appropriate operating unit, account, and date. Approve Entries Review the details of each entry.
Click the "Approve" button for each entry that meets your criteria. Locking of Entries Once approved, the entries will be locked. Locked entries cannot be modified, ensuring data integrity and compliance with auditing standards.
Benefits:
Data Integrity: The locking mechanism prevents unauthorized modifications, maintaining the integrity of financial data.
You need to click on the view button to get more details. You can select view details to check the details or click on approve and also add approval remarks.
Once you select the view details. This screen will enable you can also edit and update the details before final approval.
NOTE: This auto approval feature only available when you assign the auto entry approval under account settings.
