The problem
Traditionally the business system “transfers” documents to finance at month end, and finance then selects which ones to turn into entries:
- people decide what gets transferred, so the ledger and the business never quite agree;
- agency business is booked gross and processing costs are allocated wrongly, then adjusted after the fact;
- month-end close waits for every department to catch up on paperwork, so closing takes too long;
- when auditors ask where an entry came from, the answer is buried in several systems.
How Tranexio handles it
- Accounting events: confirming a business document creates an accounting event carrying the trade model, legal entity, currency and analytical dimensions.
- Posting rules: finance-business integration rules are configured as “event → account → amount → dimension” and differ by trade model; agency business recognises agency fee revenue on a net basis.
- Entry generation: journal entries are generated automatically by rule; failed events go to a compensation queue for retry, and the message history is retained.
- Inventory and cost: the inventory costing engine calculates receipt and issue costs, goods in transit to customers and impairment provisions; hedging effects and allocated futures P&L can flow into order P&L.
- Push to the general ledger: the integration hub provides finance connectors that can connect to general ledgers such as Yonyou, Kingdee, SAP and Oracle, with support for parallel ledgers, manual handling of missing mappings and reversals.
- Month-end close: the close console checks for unconfirmed documents, entries not yet generated and open differences, then locks the period once closed.
Key controls
| Control | How it works |
|---|---|
| No selective transfer | By design there is no month-end “select and transfer” step |
| Limited manual intervention | Manual handling such as missing mappings and reversals must leave a trail |
| Compensation and retry | Failed entry generation or push is retried automatically and raises an alert |
| Period lock | After close, business documents cannot alter a locked period |
| Business–finance reconciliation | Order P&L is reconciled with finance data regularly, and differences can be reconciled |