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Last reviewed: 2026-08-01

Glossary

  • Account: A record used to classify accounting activity.
  • Financial period: A time span for reporting and posting transactions.
  • Source document: Evidence supporting accounting activity.
  • Journal entry: A balanced record of debits and credits.
  • Posting: Making an entry durable in the accounting ledger.
  • Reversal: A full corrective entry that exchanges every debit and credit on one eligible posted target while preserving the target and direct relationship.
  • Adjustment: A new balanced correcting entry that changes or reclassifies the accounting position without deleting or replacing its posted target.
  • Soft close: A review state that limits regular posting while allowing exceptions and audit.
  • Hard close: A stronger control state that prevents ordinary posting except through authorized correction procedures.
  • Reopen: Restoring a closed period with authority, reason, and audit trail.
  • Audit trail: A record of what changed, why, and who authorized it.
  • Exception: A transaction or condition that requires review before normal processing continues.
  • Startup scenario: Beginning BooksPlus without replacing an existing accounting system. The company uses ordinary setup and does not require a source-system connection or CompanyConversionRun.
  • Replacement scenario: Transitioning a company from an existing supported accounting system into BooksPlus through the applicable controlled cutover.
  • Company conversion run: The company-scoped control aggregate for one attempted replacement-scenario transition into BooksPlus, including its source imports, mapping, reconciliation, approval, application, results, and recovery history.
  • Report run: An immutable, attributable capture of one standard report definition and exact parameters, identified to users by an RR- reference.
  • Report snapshot: The exact formal report header, lines, totals, captured account labels, fingerprints, and ledger source contributions preserved by a ReportRun.