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Journal Entry

Adjustments to the general ledger should be made through a journal entry.

Journal entries are records of financial transactions that occur within a business. These transactions are recorded in the company’s general journal. Journal entries are the first step in the accounting cycle and follow the double-entry accounting method. This means that every transaction affects two accounts and results in a debit and credit entry.

Journal entries are created in a batch format.

A new entry is started with the add button.

Enter a new date or accept the date, and enter a batch note. This is the batch header.

Next enter the journal entries.

Each will show up in an inquiry of the accounts after Posting the selected batch.