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Journals

Can you enter/create a Journal?

• Select the Accounts module from Main Menu and Select the Journal Entry Button
• Select the required Date from the Drop Down, the Default will be Todays date.
• The Journal Entry Number will be automatically allocated.
• Select the Account that needs to be debited from the drop-down menu.
• Enter the amount to be debited into the Debit (Ex) field.
• Tab through to create a New Line.
• Select the Account to be credited and the amount will automatically update to match the Debit Amount. Or Manually enter the amount in the Credit (Ex) column.
• Tab through until a new line is created and the cursor is in the Account Number field to create another entry if required.
• Click Save when all entries have been created and the Journal Balances.

Should a user create a Journal to an Accounts Receivable or Accounts Payable Account? The answer is NO.

Entries involving Accounts Receivable or Accounts Payable must be entered through these fields to ensure the payment adjusts the balance of their account correctly.

Have you viewed each of the default reports within the Accounts Report Selector?

• Select the Reports button
• Select Accounts to view a list of Default reports
  

Do you know the benefits of the Transaction Journal within Accounts Reports?

• Within the Report Selector you will find a Transaction Journal Report
• This report will give you All The Transactions made within ERP for the Date Range you have selected.
• All entries are Drillable within this report.