What this article covers: How to post journal adjustments in BrizoSystem — entries such as fair-value adjustments, impairments, reclassifications, and year-end true-ups — and how to tag them with an accounting standard (Local GAAP, IFRS, US GAAP, or UK GAAP) so they flow correctly into consolidated reports.
Journal adjustments are off-book entries that sit outside your accounting system but need to flow into your consolidated reports. Unlike eliminations (which remove intercompany balances), journal adjustments are used for accounting standard corrections and management entries that apply at the consolidation level.
? Journal Adjustments vs Eliminations
Eliminations remove intercompany transactions between entities (e.g. intercompany loans, intra-group sales). Use Auto Eliminations or Manual Eliminations for these.
Journal Adjustments are standalone accounting entries at the consolidation level — fair-value uplifts, impairments, depreciation true-ups, reclassifications, and similar entries that don't originate from your accounting system.
1. Before You Begin — Enable Accounting Standards
To tag journal entries with an accounting standard, you must first enable the relevant standards at the consolidated group level. This is a one-time setup.
1Switch to your consolidated groupUse the top-left dropdown to select your group (not an individual entity). Accounting Standards configuration is only available at the consolidated level.
2Go to Organisation Settings → Organisation DetailsThe Accounting Standards Configuration panel is displayed here.
3Enable the standards your organisation usesSelect one or more of: Local GAAP, IFRS, US GAAP, UK GAAP. Only enabled standards will appear when tagging journal entries.
4Set a Default Standard and click SaveThe default standard is used across dashboards and reports unless overridden in a specific report filter. Changes take effect immediately.
For full details on this configuration, see Accounting Standards.
2. Navigate to Journal Entries
From the left navigation, go to Adjustments → Journal Entries. The Adjustments section contains four sub-pages:
Page Purpose
Auto Elimination Rule-based intercompany eliminations applied automatically each period
Elimination Entries Manual intercompany elimination entries posted individually
Elimination Validation Review and validate all elimination entries before they flow into consolidated reports
Journal Entries Standalone accounting adjustments — fair-value, impairment, reclassification, true-up entries (this page)
⚠️ Check your context: Make sure the correct group or entity is selected in the top-left dropdown before posting. Use the Scenario selector on the Journal Entries page to choose whether the entry applies to Actual or another scenario.
3. Post a Journal Entry
1Select a Scenario and click Add a new journal entryUse the Scenario dropdown at the top of the Journal Entries page to select the scenario this entry applies to (e.g. Actual). Then click Add a new journal entry to open the entry form.
2Enter a Journal IDEnter a unique reference ID for this entry — used to identify it in the entries list and in audit trails (e.g. JE-2026-001 or a short code like FV-Q1).
3Set the DateSelect the date the entry should apply to. Journal entries can be posted to any period within your reporting range.
4Select the Accounting StandardChoose the standard this entry applies to from the dropdown — only standards enabled in your Organisation Details are shown (e.g. Local GAAP, US GAAP, IFRS, UK GAAP). This tag controls which standard view the entry appears in when filtering reports.
5Enter a DescriptionAdd a clear description identifying the nature of the entry — e.g. Fair-value uplift on investment property FY2025 or Goodwill impairment Q3. This appears in reports and the audit trail.
6Add Debit Lines and Credit LinesClick + Add line under each section to add rows. For each line, select the Account from the Common COA, enter an optional line Description, set the Exchange Rate (defaults to 1.0000 for same-currency entries), and enter the Amount. The running Debit Total and Credit Total update automatically.
7Confirm the entry is balanced, then click ConfirmThe bottom of the form shows Debit, Credit, and Difference totals. When the entry balances, Entry is balanced is shown in green and the Difference is +0.00. Click Confirm to save — the entry flows immediately into consolidated reports for the selected period and scenario.
Journal Entry Form — Field Reference
Field Description
Journal ID Unique reference code for this entry — used for identification and audit purposes
Date The period the entry applies to
Accounting Standard Tags the entry with a standard (Local GAAP, IFRS, US GAAP, UK GAAP) — determines which report view it appears in
Scenario The scenario this entry is posted to — e.g. Actual. Entries in different scenarios do not affect each other.
Description Free-text description of the entry — appears in reports and the audit trail
Account (per line) Selects the Common COA account to debit or credit
Exchange Rate (per line) Currency conversion rate for the line — defaults to 1.0000 for same-currency entries; adjust for cross-currency adjustments
Amount (per line) The debit or credit amount for the line in the group reporting currency
? Balanced entry: The Entry is balanced indicator at the bottom of the form shows Debit, Credit, and Difference totals in real time. The Difference must be +0.00 before you can click Confirm. All debit and credit lines are saved as a single journal entry.
4. Common Journal Adjustment Types
The following are the most common types of journal adjustments posted in BrizoSystem:
? Fair-Value Adjustments IFRS / US GAAP
Uplifts or write-downs to bring assets or liabilities to fair value at the consolidation level — e.g. investment properties, financial instruments, or assets acquired in a business combination. Post as a debit to the asset account and credit to a revaluation or retained earnings account.
? Impairment IFRS / US GAAP / UK GAAP
Write-downs of goodwill, intangible assets, or other long-term assets where the carrying amount exceeds the recoverable amount. Post as a debit to the impairment loss account and credit to the asset.
? Reclassification All Standards
Moving balances between accounts at the group level — e.g. reclassifying a long-term liability as current, or restating a cost as a different expense category for group reporting purposes. Does not change the total; only shifts where the balance appears.
? Depreciation True-Up All Standards
Adjusting depreciation at the group level when an asset's useful life or method differs between the subsidiary's accounting policy and the group's policy — common after a business combination.
? Year-End True-Up All Standards
Period-end corrections to align group figures with audit or statutory requirements — e.g. accruals, provisions, or corrections identified during the year-end close process.
5. How Accounting Standard Tags Work in Reports
Once journal entries are tagged, you can switch between accounting standard views in any report. In the report toolbar, select the standard you want to view — BrizoSystem will include or exclude entries based on their tag:
- Local GAAP view — shows only entries tagged as Local GAAP, giving you the statutory consolidation
- IFRS view — includes IFRS-tagged adjustments on top of the base data, giving you the IFRS-compliant consolidated result
- US GAAP / UK GAAP — same logic for each enabled standard
? Tip: If you report to multiple stakeholders under different standards — e.g. Local GAAP for statutory filing and IFRS for investors — post your adjustments with the correct tags from the start. Switching between views in reports is then a single click, with no re-work required.
6. Viewing and Managing Journal Entries
All posted journal entries are listed under Adjustments → Journal Entries. Use the Scenario selector to switch between scenario views. Use the filter bar to search by description, standard, or Journal ID.
Action How to do it
Edit an entry Click the edit icon on the entry row to reopen the form — correct amounts, accounts, standard tag, date, or description
Delete an entry Click the delete icon — the entry is removed immediately and consolidated reports update accordingly
Filter entries Use the filter bar at the top-right to search by description, accounting standard, or Journal ID
⚠️ Audit trail: Every journal entry records its Journal ID, description, date, accounting standard tag, scenario, and posting timestamp. Use consistent Journal IDs and clear descriptions to make entries easy to trace during audits or management sign-off.