Record A Journal Entry In QuickBooks

Published on 21 December 2020 at 12:32

Simple tips to Record a QuickBooks Journal Entry

QuickBooks makes it easy for you personally — an accountant — to record journal entries. In the event that you’ve spent any moment dealing with QuickBooks, you may possibly know that all of the journal entries that get recorded when you look at the QuickBooks data file are recorded automatically.

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To record a journal entry, choose Company→Make General Journal Entries. QuickBooks displays the Make General Journal Entries window, as shown here.

You are able to probably work out how to make use of the Make General Journal Entries window yourself. You enter the general journal entry date into the Date box. You employ the Entry No. box to number journal entries or even assign them some meaningful code. When you provide this basic information, you use the columns of the Make General Journal Entries window to record the journal entry.

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You don’t need anyone to tell you that the typical ledger account number or name goes in the Account column, the debit amount when you look at the Debit column, while the credit amount into the Credit column. You might find it useful, though, to be reminded that you can use the Memo column to enter some description regarding the debit or credit; you should use the Name column to determine the consumer, vendor, employee, or other name linked to the credit or debit; you need to use the Billable column to point that the debit or credit should be listed as a sum to be billed to your named customer; and you will use the Class column (if you’ve turned on class tracking) to classify the debit or credit.

You may also read: https://accountingspro.usite.pro/blog/record_a_journal_entry_in_quickbooks/2020-12-21-192


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