Meaning & use
Journalization
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In accounting, the process of recording financial transactions in a journal in chronological order before posting them to a ledger.
See it in a sentence
The bookkeeper completed the journalization of all March transactions before closing the books.
Errors in journalization can throw off an entire company's financial statements.
A note on using this word
Journalization is typically the first formal step in the accounting cycle, preceding posting to the general ledger.
Words with a similar meaning
recordinglogging
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