Knowledge

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

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. Select an Account from which amount is debited.
  Add a row where the amount will be credited
  Note that, in the end, total debit and credit amounts should add to be the same
• 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.

Edit a journal entry

If you need to edit a journal entry, here’s what to do:

• Step 1. Go to 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.
  

Export to excel

• Step 1. Go to 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.