How to Create a Journal entry in QuickBooks Online/Desktop?
A journal entry is one of the most
important aspects, when it comes to recording the accounting transactions of a
company. A general journal entry is an accounting transaction entered, or
posted, directly to the general ledger. A company’s general ledger basically
acts as its main group of accounts, which is used to record the balance sheet
and income statement transactions.
In today’s blog, we will be talking about the steps to creating journal entries in QuickBooks desktop. Thus, make sure to read this post carefully till the end. Or you can also talk to QuickBooks support team and leave the rest on them.
Steps to
create a journal entry in QuickBooks
The steps involved in the process to create
a journal entry in QuickBooks are as follows:
Step 1: First of all, the user needs to move to the
journal entry feature
·
And then click on the plus
icon there
·
This will show up a drop-down
menu stating create, which will have the journal entry option
·
After clicking on that option,
the user will be redirected to the window having the blanks for necessary
information
Step 2: The user will then have to enter date and
journal number
·
After the form opens up on the
screen, the user is supposed to edit the journal date, whereas the
current date will be automatically entered by QuickBooks
·
If you are recording any entry
from any other date, then ensure to correct the date before moving ahead
·
The user will then have to fill
in the journal number
·
Or else the QuickBooks software
will automatically enter the sequential number
Step 3: And enter the needed information
·
Accounts
·
Journal code
·
Debit and credits
·
Name
·
Description
Step 4: After that select to make recurring journal
entry schedule
Step 5: This will create a new journal entry successfully
Creating a journal entry in QuickBooks would be easy, once you follow the steps above. However, in case of
any issue, or for further assistance, you can speak to QuickBooks desktop support team at 1-800-761-1787, and they will handle the situation for you.
You may read also: How to set up QuickBooks Desktop to work from home?
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