Posting journal entries during month or year end accounting
periods. For instance, at the accounting department I worked for, all
people would post their entries of the month prior to month end (1st of
the following month) to make sure the books are updated. Examples of posting
journal entries include bank deposit journal entries, commissions accruals,
adjusting entries, account interface entries, inventory writeoff entries,
revenue recognition entries, Purchase Order writeoff entries, etc.
>> More Accounting Terms