What is mje in accounting?

A manual journal entry (MJE) that is recorded in a company's general journal usually consists of the transaction date, the amounts and accounts that will be debited, and the amounts and accounts and credited. What does MJE mean? Get the full information of MJE acronym / abbreviation / slang definitions at AcronymsandSlang. What does MJE stand for? Your abbreviation search returned 7 meanings. Looking for the definition of MJE? Find out what is the full meaning of MJE on Abbreviations. Established in 1994, MJE Marketing is a full-service marketing, design, advertising, public relations agency.

ABC Co. provides integrated Information Technology (IT) solutions in the United States, Canada, and the United Kingdom. It operates through two segments, Corporate and Public. The company offers hardware products, such as notebooks/mobile devices, network communications, enterprise and data storage, video monitors, printers, desktop computers, and servers; and software products, including application suites, security, virtualization, operating systems, and network management.

Challenge:

During the time of close everyone is more focused on getting the financial operations and number finalized so that they would prefer to spend less time worrying about approving and posting the Manual Journal Entries.

The user was looking for an option where he could save time in approving and posting the MJEs since the volume of ABC Co. is 4M lines approx. per month. During the close, time is very essential and the current process to approve and post the MJE and then run Transfer accounting for each JE batch was very time-consuming.

The user had to first approve the MJE and then go to transfer accounting and first update the batch (which takes around 5-10 mins) and then again go and manually click on transfer to transfer the batch.

This tedious process during the time of Close was causing issues to the MJE approver to keep track of the approvals to be made and the updating and running transfer accounting.

Solution:

Zuora Revenue has the ability to create a job similar to Transfer Accounting Master job which reduces the time consumed for MJE approval and manually clicking on a transfer just by adding the Criteria Name (JE Batch ID) and Criteria Value field which will be the mandatory fields.

The following setups are performed to create the Job:

Create a new Job replicating the Transfer Accounting Master Job.

In the job parameters, it is recommended that parameter name i.e. Criteria name and Criteria value should be mandatory so that Job isn’t submitted with blank parameter values.

Job Details: The following need to be set up in template:

Example: Transfer Accounting-MJE

The procedure name will be a replication of Transfer Accounting Master Job which is a Zuora Revenue Standard job.