Journal Entry - Revision history

Cyle van Niekerk at 11:09, 2 December 2013

2013-12-02T11:09:11Z

Simon Clive at 05:32, 21 June 2011

2011-06-21T05:32:54Z

Eliza at 23:41, 8 March 2011

2011-03-08T23:41:18Z

Andrew at 19:27, 14 February 2011

2011-02-14T19:27:23Z

Admin at 05:32, 21 January 2011

2011-01-21T05:32:17Z

Admin: Created page with " More Detail= Account Accounting Concepts Account Types Accounts List Accounts Reports Balance Sheet BAS Report [[BAS R..."

2011-01-21T04:48:48Z

Created page with "<menu name=myMenu align=center> More Detail= Account Accounting Concepts Account Types Accounts List Accounts Reports Balance Sheet BAS Report [[BAS R..."

New page

<menu name=myMenu align=center>
More Detail=
[[Account]]
[[Accounting Concepts]]
[[Account Types]]
[[Accounts List]]
[[Accounts Reports]]
[[Balance Sheet]]
[[BAS Report]]
[[BAS Report List]]
[[Cash Flow Forecast]]
[[Cash Flow Statement]]
[[Dashboard]]
[[Journal Entry]]
[[Journal Entry List]]
[[Profit & Loss]]
[[Retained Earnings]]
[[Summary Sheet]]
[[Transaction Journal]]
[[Trial Balance]]
</menu>

== '''Introduction''' ==

@@ Line 25: / Line 25: @@
 Journal entries are the logging of business transactions and their monetary value into the Chart of Accounts of the accounting journal as either debits or credits.
-Journal entries are usually backed up with a piece of paper i.e. a receipt, a bill, an invoice, or some other direct record of the transaction, making them easy to record and to maintain traceability for each transaction. Many companies perform journal entries at month end, e.g. The transfer of Interest Charges for your Hire Items to an Interest account. These transactions can be completed using the Journal Entry screen.
+Journal entries are usually backed up with a piece of paper i.e. a receipt, a bill, an invoice, or some other direct record of the transaction, making them easy to record and to keep a track record of each transaction. Many companies perform journal entries at month end, e.g. The transfer of Interest Charges for your Hire Items to an Interest account. These transactions can be completed using the Journal Entry screen.
 == Entering a Journal:  ==
@@ Line 48: / Line 48: @@
 == Memorised Transactions:  ==
-If you wish to memorize this transaction you can right at the top right of your Journal entry screen. Right Click and a new screen will appear.
+If you wish to memorise this transaction you can right at the top right of your Journal entry screen. Right Click and a new screen will appear.
 Enter into this Screen the Frequency you require for this transaction. The options are Day (Daily), Week (Weekly), Month (Monthly)
@@ Line 56: / Line 56: @@
 You can also set the START date and Finish date for recurring transactions.
-*A message stating how many memorized journals have been created
+*A message stating how many memorised journals have been created
 *Click OK on this message

@@ Line 30: / Line 30: @@
 *Select the required date (The default date will be today's date. This can be amended if required )
-*The[[ Journal Entry]] number will be automatically allocated.
+*The Journal Entry number will be automatically allocated.
 *Select the [[Account]] from the drop-down menu (COA)
 *Debit this [[Account]] by entering the amount to be debited into the Debit (Ex) field

@@ Line 1: / Line 1: @@
-<menu name=myMenu align=center>
+<menu align="center" name="myMenu">
 More Detail=
 [[Account]]
@@ Line 19: / Line 19: @@
 [[Transaction Journal]]
 [[Trial Balance]]
 </menu>
 == '''Overview'''  ==
@@ Line 30: / Line 30: @@
 *Select the required date (The default date will be today's date. This can be amended if required )
-*The Journal Entry number will be automatically allocated.
+*The[[ Journal Entry]] number will be automatically allocated.
-*Select the Account from the drop-down menu (COA)
+*Select the [[Account]] from the drop-down menu (COA)
-*Debit this Account by entering the amount to be debited into the Debit (Ex) field
+*Debit this [[Account]] by entering the amount to be debited into the Debit (Ex) field
-*Tab to create a new line, then select the Account to be credited.
+*Tab to create a new line, then select the [[Account]] to be credited.
-*Credit this Account by entering the amount to be credited into the Credit (Ex) field
+*Credit this [[Account]] by entering the amount to be credited into the Credit (Ex) field
 *Select Save
 *Press tab until a new line is created and the cursor is in the Account Name field to create another entry

← Older revision		Revision as of 19:27, 14 February 2011
Line 21:		Line 21:
	</menu>		</menu>

−	== '''Overview''' ==	+	== '''Overview''' ==
		+
		+	Journal entries are the logging of business transactions and their monetary value into the Chart of Accounts of the accounting journal as either debits or credits.
		+
		+	Journal entries are usually backed up with a piece of paper i.e. a receipt, a bill, an invoice, or some other direct record of the transaction, making them easy to record and to maintain traceability for each transaction. Many companies perform journal entries at month end, e.g. The transfer of Interest Charges for your Hire Items to an Interest account. These transactions can be completed using the Journal Entry screen.
		+
		+	== Entering a Journal: ==
		+
		+	*Select the required date (The default date will be today's date. This can be amended if required )
		+	*The Journal Entry number will be automatically allocated.
		+	*Select the Account from the drop-down menu (COA)
		+	*Debit this Account by entering the amount to be debited into the Debit (Ex) field
		+	*Tab to create a new line, then select the Account to be credited.
		+	*Credit this Account by entering the amount to be credited into the Credit (Ex) field
		+	*Select Save
		+	*Press tab until a new line is created and the cursor is in the Account Name field to create another entry
		+
		+	== Input (Purchase) Output (Sale) ==
		+
		+	The entry indicates the two aspects of the transaction, the 'debit' and the 'credit', as well as the ledger accounts to be charged for the purpose of Tax
		+
		+	*Select from the Show on Tax Report as Field
		+	*Input (Purchase)
		+	*Output (Sale)
		+
		+	== Memorised Transactions: ==
		+
		+	If you wish to memorize this transaction you can right at the top right of your Journal entry screen. Right Click and a new screen will appear.
		+
		+	Enter into this Screen the Frequency you require for this transaction. The options are Day (Daily), Week (Weekly), Month (Monthly)
		+
		+	A further set of options is available from this screen from which you can choose to move payments forward or backward should your transaction date fall on Saturdays or Sundays or Holidays.
		+
		+	You can also set the START date and Finish date for recurring transactions.
		+
		+	*A message stating how many memorized journals have been created
		+	*Click OK on this message
		+
		+	== View Memorised Transactions ==
		+
		+	You can View Memorised Transactions from the GENERAL tab and selecting the MEMORISED TRANSACTION LIST button.

@@ Line 14: / Line 14: @@
 [[Journal Entry]]
 [[Journal Entry List]]
-[[Profit & Loss]]
+[[Profit and Loss]]
 [[Retained Earnings]]
 [[Summary Sheet]]
@@ Line 21: / Line 21: @@
 </menu>
-== '''Introduction''' ==
+== '''Overview''' ==