The manual process is also fraught with risk and error. Spreadsheets do not validate important information. The data is only as good as it is entered.  Many errors may go unnoticed and uncorrected.Supporting documentation, which is stored separately and in varying format, such as emails and hard files, may be difficult to find and sort through. Transaction approvals require multiple emails and review.Typically, accounting teams dive headlong into this process at month's end to reconcile entries and accounts.All the above is labor intensive and unreliable, and every point in the process is susceptible to error and fraud. The number of journal entries that companies post each quarter range from hundreds for a small business to thousands for larger businesses.Large companies can have a single entry with more than 20,000 line items. With this magnitude of transactions, the inefficiencies grow exponentially.A system with weak controls is also susceptible to fraud. The Association of Fraud Examiners found that 27% of fraudsters created fraudulent journal entries.