In financial accounting you can automatically sync data between different software to keep your records up-to-date and as accurate as possible.
For this use case, you can use conditions such as amounts, type or date to automatically forward and post accounting entries in general ledgers or in secondary software.
Syncing journal entries can be useful as teams may need to use the same data but on different applications. At the same time, this helps to prevent performing repetitive, manual work, or make mistakes.
- Connect (accounting) software using Call API or webhooks
- If necessary, create a data model
- Define the process variables
- Set up custom parameters or rules to determine which data to sync
- Set up automatic schedules
Benefits of syncing journal entries
- Avoid data silos or data discrepancies: empower your team to be aware of all contextual data without the need to request access to data
- Reduce costs associated with manual work, and prevent errors
- Real-time data: enable your team can use the latest available data about records
