Statistical Journal Entries in Sage Intacct

In Sage Intacct, statistical journal entries are used to record non-financial data that can be tracked alongside financial transactions. This is particularly useful for tracking information such as quantities, units, or other metrics that are related to financial transactions but are not actual GBP amounts. For example, you could use statistical journal entries to track inventory quantities or hours worked.

Here’s how you can create and manage statistical journal entries in Sage Intacct…

Statistical Journal Entries in Sage Intacct

Example Use Cases

  • Inventory: Track the number of items in stock without affecting the general ledger balance.
  • Employee Hours: Track the number of hours worked by employees for reporting purposes without involving financial transactions.
  • Product Sales Units: Track the number of units sold in a given period, without affecting the revenue or cost accounts.

Statistical journal entries in Sage Intacct allow you to track non-financial data alongside your financial transactions, providing a comprehensive view of your business metrics. By using statistical accounts effectively, you can generate insightful reports and maintain a clear record of key operational data.

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