Finance Pro - Accounts - Creating a new Journal Entry.
Journal Entry-
Journal entries are used to manually move money between accounts.
From the left side navigation bar select the Journal Entries option. This page displays a collapsed view of the list of all manually created journal entries.
Click an arrow to expand one and see the specific accounts impacted along with the individual debit and credit amounts.
To create a new journal entry, select add journal entry.
From the pop up window select an entry date. This is the date that the Journal Entry will post to the General Ledger.
Select the first account you want to impact. Enter the debit or credit amount and add a description.
Now select the next account and follow the same process, entering the offsetting debit or credit.
You can add as many journal entry line items as needed, as long as the total debits and credits balance across all lines. Once complete, select save.
The journal entry will now appear in the grid from this page.
You also have the option to import journal entries from A CSV file or export the current list for reporting or review.
To set up automatically recurring journal entries navigate to the recurring tab.
This view displays both active and inactive recurring journal entries.
Select add recurring journal entry. Then enter a name, choose a start date, and optionally select an end date. Next, define how often the journal entry should occur daily, weekly, or monthly, and specify the recurrence pattern. Then enter the journal entry lines and Save...
The recurring journal entry will now appear in the grid and will post automatically according to the schedule you defined.
If changes are needed going forward, select the corresponding pencil icon to update the recurring journal entry. Once saved, those changes will apply to future entries only to make a one-time change to a single journal entry generated by a recurring entry.
You can make a one-time change to a single entry from the List Tab. Click the pencil icon and make edits then save. These changes will apply only to the individual entry you have selected.
The history tab provides a complete audit trail of all changes made within the journal entry section.
