Journal batch
A set of journal entries representing a complete accounting transaction.
Definition
A journal batch groups all the individual debit and credit lines for a single accounting event. In lease accounting, journal batches include the initial recognition journal, periodic interest and depreciation entries, and lease payment entries. Each batch must balance — debits must equal credits.
Why it matters
Journal batches are the mechanism through which lease calculations translate into ledger entries. Every journal must be traced back to the calculation run that produced it.
In AuditLease
AuditLease generates journal batches for initial recognition, periodic charges, and payments. All batches carry full traceability links back to the lease, calculation run, and schedule lines.
Related terms
Put this into practice with AuditLease
AuditLease handles IFRS 16 and FRS 102 lease calculations, statutory note generation, journal entries, and audit evidence — so your team spends less time on spreadsheets and more time on judgements.
This definition is for general information only and is not accounting or legal advice. Definitions are based on IFRS 16, FRS 102, and associated guidance published by the IFRS Foundation and the Financial Reporting Council. Users should refer to the applicable accounting standards and their professional advisers for judgement-specific matters.