CREATING A JOURNAL ENTRY IN QUICKBOOKS ONLINE
Автор: Julie's E-ducation Hub
Загружено: 2023-04-11
Просмотров: 213
Описание:
A journal entry is an accounting transaction that posts directly to the general ledger. You or your client can use journal entries as another way to adjust account balances. They’re useful, for example, to correct errors orsummarize the depreciation of assets, but you or your client may also use journal entries to enter debits and credits manually, transfer money between income and expense accounts, or from an asset, liability, or equity account to an income
or expense account.
Let’s look at some rules regarding journal entries:
• Total debits must equal total credits
• You can’t use product or service items in a journal entry
• When posting to accounts receivable, you must specify a customer
• When posting to accounts payable, you must specify a vendor
• You can’t mark an amount as billable to a customer
• You may use multiple accounts receivable and/or accounts payable accounts in the same journal entry
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#quickbookjournalentry
#learnquickbooks
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