Journal Entries

Manual Adjustment Log Template

Log and track all manual GL adjustments made during the close period. Maintain history of what was adjusted and why.

How to use this template

1

Set up adjustment tracker

Create spreadsheet with columns: Adjustment #, Date, Description, GL Accounts, Debit, Credit, Preparer, Approver, Post Status.

2

Log each adjustment

As adjustments are prepared, immediately log them. Include clear description of business purpose (e.g., 'Reverse prior month accrual for utilities').

3

Get approval before posting

Require manager sign-off on every adjustment before it posts to GL. Document approver name and date of approval.

4

Verify posting to GL

After GL posting, confirm adjustment appears in GL with correct amounts and accounts. Mark as 'Posted' in tracker.

5

Prepare audit summary

At period end, prepare summary of all adjustments for external auditors. Tie each adjustment to supporting documentation.

Why use this template

  • Prevents unauthorized adjustments from posting to GL
  • Creates complete record of all manual adjustments for audit
  • Enables quick investigation of any GL variances
  • Supports management controls over financial reporting

Ready to streamline your close?

Vergo turns templates into automated workflows with real-time collaboration, integrations, and AI built in.