Maintaining Journal Entries - IRS Software

Maintaining Journal Entries

General Ledger > Journal Entry

  1. An Accounting Journal Entry is the method used to enter an accounting transaction into the accounting records of a business.
  2. Whenever you create an accounting transaction, at least two accounts are always impacted, with a debit entry being recorded against one account and a credit entry against the other account.
  3. The totals of the debits and credits for any transaction must always equal each other so that an accounting transaction is always said to be “in balance.”, or else, an error message will show.

To Add Journal Entry

  1. 1. Choose General Ledger > Journal Entry.
  2. 2. Click Add in Journal Entry Listing Screen.
  3. 3. Enter Information in Journal Entry Header and Detail
  4. 4. Click Post and New/ Post/ Save Draft and New/ Save Draft or Clear.

To Delete Journal Entry

  1. 1. Choose General Ledger > Journal Entry.
  2. 2. Click Delete in Journal Entry Listing Screen.
  3. 3. Press Yes or No.

 

 

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