Adjusting Journal Entry (AJE) and Reclassifying Journal Entry (RJE) are a process of modifying the existing journal entry. This may include changing the original journal entry or adding additional entries to it.
In this way, you can change or add information to the journal entry in order to make it more accurate and appropriate for your current situation.
You can also change or add information to the journal entry in order to make it more accurate and appropriate for your current situation.
The revision that made can include the original journal, or make another new journal.
AJE | RJE |
Modifying the current journal | Reclassify the existing journal |
Change the original journal | Not change the original journal |
What is Adjusting Journal Entry?
Adjusting Journal Entry is a process of modifying the existing journal entry.
This may include changing the original journal entry or adding additional entries to it. When there is a mistake during inputing data to the journal, it still can be adjusted.
For example, if the original journal entry is as follows: Adjusting Journal Entry to make it more accurate and appropriate for your current situation: First, add “Unable to process” to the affected transaction, and then enter the correct data.
What is Reclassifying Journal Entry?
When you reclassify a journal entry, you can change or add information to the journal entry in order to make it more accurate and appropriate for your current situation.
You can also change or add information to the journal entry in order to make it more accurate and appropriate for your current situation.
AJE VS RJE
Adjusting Journal Entry (AJE) and Reclassifying Journal Entry (RJE) are a process of modifying the existing journal entry. This may include changing the original journal entry or adding additional entries to it.
After this, there will be two additional entries. The first one is called Adjustment of Transaction (AT), which shows that the process failed due to a system error. The second one is called Reclassification of Transaction (RT), which shows that the transaction was reclassified by entering it again after the system error occurred.
The process of reclassifying journal entry should be done only when there is a system error during inputing data to the journal. If there is no system error during inputing data to the journal, then you should just adjust or change your original journal entry without reclassifying it.