What does JRNL stand for?

Journal

In the banking and finance world, JRNL is a common abbreviation for "Journal." A journal is a record of all financial transactions, listed in the order they happen. Banks and accounting departments use journals to keep track of money coming in and going out, including deposits, withdrawals, interest payments, fees, and other entries.

These journals are the first step in the accounting process and help ensure that all financial activities are recorded correctly before they are transferred to official ledgers or financial statements. Accuracy in the JRNL is very important for audits and financial reporting.