Making journal entries in the general ledger account can be a time-consuming and labor- intensive process. It involves repetitive, manual work, long processing times, and little visibility.The typical manual process comprises multiple steps with human intervention at every stage along the way, including manual data capture, manipulation and formatting, reconciliations and allocations, validations, and numerous other confirmation steps. Spreadsheets, emails, and hard copy files are commonly used tools for most operations.Making matters more challenging, much of this is done at the end of the monthly accounting cycle, creating a backlog and a time-crunch at period close.