I understand that to post adjusting entries, we need to create a journal template. However, we can also achieve the same result by loading these adjusting entries via a flat file or an input schedule.
I need some clarification regarding the following:
1. What are the pros/cons of using a journal template VS the use of a flat file to post these adjusting entries?
2. What is the best way to post these adjusting entries? If so, why?
Please provide your expert guidance.