Otisco Journals
A controlled, transparent layer for group-level adjustment entries.
Simplify how your finance team manages group-level adjustments between local accounting standards and group reporting requirements. Otisco Journals brings structure, governance, and visibility to the adjustment process directly within the Otisco platform.
Otisco Journals ensures every adjustment is handled with clarity and full control.
About Otisco Journals
Otisco Journals is an add-on module in the Otisco platform that introduces governance and structure into the adjustment process.
It replaces uncontrolled Excel files with a centralized, web-based environment where Group Controllers and local finance teams can post, review, and approve adjustments directly within Otisco.
Every entry is traceable and categorized by Accounting Type, allowing clear alignment between local GAAP and group standards such as IFRS.
The module strengthens governance across entities and reduces reliance on manual processes.
Features and Key Capabilities
Otisco Journals focuses on control, traceability, and integration ensuring every adjustment is properly authorized, auditable, and included automatically in your group consolidation.
Controlled Adjustment Management
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Align local GAAP with group accounting principles directly in Otisco.
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Define Accounting Types (e.g., Normal, IFRS) to categorize journal entries.
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Grant posting rights only to approved entities and users for full governance.
Transparency and Audit Trail
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Adjustments are clearly separated by Accounting Type and source.
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A permanent audit trail provides visibility and confidence during review.
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Simplifies audit processes by maintaining structured, traceable records.
Efficiency and Integration
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Simple, browser-based interface no installation required.
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Structured journal forms eliminate free-form Excel files.
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Adjustments use the same import workflow as local accounting data, ensuring automatic inclusion in consolidation.
All adjustments remain fully traceable throughout the consolidation workflow.
Setup Process and Integration
Fast Activation
Otisco Journals builds on your existing Otisco setup, allowing fast enablement without complex configuration or IT involvement.
How It Works
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Define Accounting Types – Group Admins set up Accounting Types (e.g., Normal, IFRS) to categorize journal entries.
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Set Permissions – Specify which entities and users can post adjustments.
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Enter Adjustments – Authorized finance users create journals using a structured form in Otisco Journals.
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Post & Integrate – Entries are applied and included in consolidated figures automatically.
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Import to Consolidation – The journal layer flows through the same integration as Otisco Actuals connectors.
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Audit & Review – All adjustments remain visible and fully traceable across entities.
Ideal For
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Groups operating under mixed accounting standards (Local GAAP vs IFRS)
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Finance teams that need structured, traceable adjustments across entities
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Organizations replacing manual Excel-based correction workflows
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Groups seeking stronger control and transparency in consolidation
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Companies using, but not limited to, the AARO consolidation system
Finance teams gain a structured way to manage group-level adjustments with confidence.
Frequently Asked Questions (FAQ) –
Otisco Journals
Q: What does Otisco Journals do?
A: It provides a structured, controlled way to manage group-level adjustment entries, ensuring they are transparent, traceable, and automatically included in consolidation.
Q: Does it replace my accounting system?
A: No. Otisco Journals complements your accounting system by managing group-level adjustments, not operational postings.
Q: Is it compatible with AARO?
A: Yes. It’s fully compatible with AARO but can also work with other consolidation systems or Excel-based setups.
Q: Who can post adjustments?
Only authorized users defined by the Group Admin. Access and permissions are governed at the entity and Accounting Type level.
Q: How does it improve reporting?
A: While it doesn’t generate reports, Otisco Journals ensures reporting data is accurate and auditable by controlling adjustments before they reach consolidation.
Interested in a Demo?
See how Otisco Journals brings structure and transparency to your group-level adjustments.
In a 30-minute session, our team will demonstrate how adjustments are posted, reviewed, and integrated directly into your consolidation process eliminating uncontrolled Excel workflows and improving accuracy.
Email sales@otisco.se or click below to schedule your tailored demo.