Journal Entries

Journal Entries

Journal entries record financial transactions that don't originate from other modules, such as adjustments, accruals, and corrections.

Creating Journal Entries

1. Navigate to Finance > Journal
2. Click New Entry
3. Enter date and description
4. Add debit and credit lines
5. Ensure total debits equal total credits
6. Save and Post the entry

Common Entry Types

• Accruals and deferrals
• Depreciation entries
• Error corrections
• Period-end adjustments
• Intercompany transactions

Recurring Entries

Set up recurring journal entries for:

• Monthly depreciation
• Prepaid expense amortization
• Regular accruals