Message-ID: <277513099.7119.1711692448206.JavaMail.tomcat@ip-10-129-228-235> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_7118_284797722.1711692448204" ------=_Part_7118_284797722.1711692448204 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html General journals

General journals

You'd use general journal transactions to track business activity that y= ou wouldn=E2=80=99t want to track with other kinds of transactions, such as= deposits or payments.

Usually, journal entries are used for special situations only, such as w= hen you need to = record depreciation of your assets, or when you need to = enter year-end adjustments.

Each row of information in a journal entry is called a line item. Y= ou can enter as many line items in a general journal as you like, but you m= ust have at least two line items=E2=80=94a debit line item and a&= nbsp;credit line item to offset it. The total debits and credits in a = general journal must balance before it can be recorded. For example, if the= re's $100 in credits, there must also be $100 in debits.

Recording journal entrie= s

To record a journal entry, go to the Accounting menu an= d choose Create general journal. Tell me more about recording journ= al entries

Entering amounts= in journal entries

Enter only positive numbers in the Debit and&= nbsp;Credit fields.

You can=E2=80=99t record a journal entry in which a line item includes b= oth a Debit and Credit amount. = The journal entry must balance, which means at least two line items=E2=80= =94one with a Debit amount and one with a Cre= dit amount=E2=80=94must be entered.

Viewing journal entries

To view a list of journal entries made over a specific period, go to the= Accounting menu and choose General Journals. The Find transactions page appears, filt= ered to show general journals.You can then enter a date range and search fo= r a particular journal entry based on its description. You can also choose = an account to show journals containing that account.

To view an individual journal entry, click the journal's Referen= ce no.

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Printing j= ournals

Run the Journals= report then print the displayed report. See Business reports for details.

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Changing and d= eleting journal entries

Usually, you shouldn=E2=80=99t alter journal entries once they=E2=80=99r= e recorded. Instead, it=E2=80=99s best to make two new entries (o= ne debit and one credit) to reverse the originals, then make two more new, = correct entries. This provides a more transparent audit trail.

If you do need to change or delete a journal entry, open the journal ent= ry by clicking on the number in the Reference column = on the Transaction list page. Change the journal entr= y by editing its information then clicking Record.

To delete a journal entry, click Delete then click Yes to the confirmation message.

If you need help with journal entries, ask your accounting advisor.

Tracking tax on jour= nal entries

You have full control over how tax amounts affect each journal entry. Yo= u can calculate and track tax amounts from the Create general = journal transaction page.

Calculations are made using the Tax c= ode you select for each line item in the journal entry. You can ch= oose whether line item amounts are Tax inclusive = ;or Tax exclusive. The = Tax field (in the totals section near the bottom of the page) disp= lays the calculated tax amount.

Find out more about adding and finding jou= rnal entries.

 
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