With the help of the Suite Approval workflow, we can create the new approval rule.
We can use this bundle for approving different expense records, Journal Entries, Invoices, etc.
Journal Entry Approval
Set Up> Approval process manager > Approval Rule list > New approval Rule
On the new rule: Approval Routing tab > ROUTE APPROVALS BASED ON AMOUNT should be enabled.
Enable also the USE STANDARD EMPLOYEE HIERARCHY option> Save
After setting a new rule > Edit employee record and set a “Journal Entry Limit”. Enter an amount to which the user will auto-approve journal entries created within the specified amount. If it exceeds the limit, then the journal entry will be routed to her fellow approver.
*This amount only applies to the amount of journal entries that the submitter created, not the journal entries of other employees. No need to populate the JOURNAL ENTRY APPROVAL LIMIT, only the JOURNAL ENTRY LIMIT field must be populated.
The submitter will now be able to approve her own JE based on the Amount set on her employee record.
The other approver can still approve other Journal entries if one is absent because the Approver on the new rule will still be set as Group (any), meaning any of the employees composing the Group of approvers can approve the journal entry.