This article describes how and why to change your journal start date in ScaleXP for purposes of revenue recognition and expense recognition journals.
Step 1: Open the journals section
To change the date your journals start from, go to the Journals tab.
Step 2: Open a journals page
On Month-End Close, click Open next to any journal.
- Revenue journals and expense journals have separate settings.
- Open a revenue journal or an expense journal, depending on which start date you want to change.
Step 3: Open the journal settings
Click the three dots at the top right and select the journal settings, for example Expense Journal Settings.
Step 4: Set your journal start date
The settings window opens.
Near the bottom, set your Journal Start Date.
Note: Click Save before you close the window.
Why to change your journal start date
- The journal start date reflects the date from which you can use ScaleXP automated journal suggestions.
- This is a reminder to you and anyone else using the system that data from ScaleXP can only be used for documenting balance sheet data from the start date forward.
- Prior to the start date, you may be missing correct recognition dates and/or invoices, leading to misleading or missing suggestions.