Once a journal entry is created in ARC, the journal must be edit checked, budget checked, and submitted for approval before posting. When the journal edit process runs, the journal header and journal lines are checked for errors.
The journal edit process ensures all accounting strings are comprised of valid chartfield combinations where debits equal credits. When the budget checking process runs, the accounting strings are checked against budgets. If the journal entry is not within the budget or a budget doesn't exist, the budget status will error.
A journal entry cannot be posted until it passes both edit check and budget check. Additionally, the journal entry must be routed for approval, and all designated approvers must approve the journal for it to be valid for posting.