Journals

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Journal Reports

Each month, Sequence generates a summary report that combines all the revenue subledger journals for the period.

By default, the report shows one journal per customer and product combination, which roughly maps to one journal per invoice line item if you invoice monthly.

You can customize the granularity of the report, e.g. to show one journal per customer, one journal per product, or just a single journal for the whole month.

To understand how a given journal was calculated, click on the journal and get a disaggregated view of the underlying revenue subledger journals that Sequence generated throughout the month.

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Closing accounting Periods

All accounting periods are open by default, which means that Sequence is allowed to post new journals to that month if any revenue activity occurs with a timestamp in that month.

For example, if some usage events are received late, say in March when the event timestamp is in February, Sequence will recognize the associated revenue in February by default.

You can alter this behaviour by closing an accounting period. If a journal would be posted to a closed period, it gets rolled forward to the next open period instead.

You can also reopen previously closed accounting periods. This won’t impact existing entries, but will allow new journals to be posted to the reopened period.

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Downloading journal reports

Journal reports are downloadable as CSV files in a format compatible with your accounting system, e.g. Xero, QuickBooks or NetSuite. This makes it easy to upload all or a subset of these journals directly into your general ledger.

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Manual journals

You can post manual journals to the revenue subledger to make ad-hoc adjustments to Sequence automated process, or capture activities that are not visible by Sequence.