Journal Entry

A Journal Entry is an entry made in the general ledger and it indicates the affected accounts.

A Journal Entry is a multi purpose transaction where the debit and credit accounts can be selected.

A Journal Entry is a standard accounting transaction that affects multiple Accounts and the sum of debits is equal to the sum of credits. A Journal Entry Impacts the main ledger.

Home > Accounting > General Ledger > Journal Entry

1. How to create a Journal Entry

1. Go to the Journal Entry list, click on New.
2. The default Entry Type will be 'Journal Entry'. This is a general purpose entry type.
3. You can change the Posting Date.
4. Expand the table, select an Account from which amount is debited.
5. Select the Party Type and Party if it's a Debtor entry.
6. Add a row where the amount will be credited.
7. Enter the reference number and reference date.
8. Note that, in the end, total debit and credit amounts should add up to be the Zero.
9. Save and Submit.
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