4.5. Create a Journal Entry
Journal entries are the last resort for entering transactions. Use them only if you understand accounting or you follow the advice of your accountant.
- Enter debits and credits manually, like in traditional accounting systems
- Transfer money between income and expense accounts
- Transfer money from an asset, liability, or equity account to an income or expense account
4.5.1. Add a journal entry
If you need to create a new journal entry, here’s what to do:
- Step 1. Go to Journal entry menu under the Accounting module -> click on the Add button
- Step 2. Double-click on the account box to select an account. Make sure your debits equal your credits when you’re done.
Journal date : The date of the double entries created below (The entries below will be created and displayed on reports with this date).
Number: This time’s number (for display outside the list only)
- Step 3. Click on the Save button.
4.5.2. Edit a journal entry
If you need to edit a journal entry, here’s what to do:
- Step 1. Go to the Journal entry menu under the Accounting module. Find and select the journal entry you need to edit.
- Step 2. Click on the Edit
- Step 3. Make the necessary changes and click on the Save button.
4.5.3. Delete a journal entry
If you need to delete or void a journal entry, here’s what to do:
- Step 1. Go to the Journal entry menu under the Accounting module. Find and select the journal entry you need to delete.
- Step 2. Hover over the journal entry and click Delete
- Step 3. Confirm your selection in the following pop-up. The journal entry will be deleted.
4.5.4. Export to excel
- Step 1. Go to the Journal entry menu under the Accounting module. Find and select the journal entry you need to export.
- Step 2. Hover over the journal entry and click Export to excel.
