General Journals
You can create, memorize, import, and copy journal entries.
Debits and credits can be applied to any GL account.
To simplify trading partner transactions, you can debit and credit Customers (accounts receivable) and Suppliers (accounts payable).
Fields | Notes |
|---|---|
Ref # | Auto-generated reference number. |
A/C Memo | |
Status | The status of the Journal Entry. |
Date | The effective date of the Journal Entry postings. |
Owner | This is the Worker that owns the Document. By default, this is the name of the Worker that first created the Document. However, the Owner can be re-assigned at any time. The list of Owners is the current list of Woekers that have login permissions. |
Currency of Values | The currency of the values you enter into the Credit/Debit columns. If the currency selected is not the base currency, the Exchange Rate field becomes editable and can be set accordingly. |
Exchange Rate | The Exchange Rate of the specified currency. If the base currency has been selected this field is set to 1.00 and is non-editable. Otherwise, the field can be set to the appropriate Exchange Rate. |
Accounting>General Journals>+
Notice you can:
- Set a Currency on the Journal.
- Record notes (on the Information tab)
- Set classifications on the journal.
- Save the Journal as 'Pending' (not posted)
- Copy a Journal
- Memorize a Journal
Click 'Find' on the row.
Notice the selector has two tabs,
- Account
- Customer/Supplier. To simplify trading partner transactions, you can debit and credit Customers (accounts receivable) and Suppliers (accounts payable).
Start typing the name of the Account or Customer or Supplier you want to add.
Select the GL account or trading partner.
Complete the Debit and Credit balances for the selected account(s).
Save the journal.
You can save the journal as ‘Pending’
Locate the General Journal and click ‘Reverse Entry’.
Use this function to bulk import journal entries.
Go to Setup>Import Data>Upload Journals
Column Name | Notes |
|---|---|
Account/TP | The name of the GL Account or Trading Partner (Customer, Supplier, or Worker) |
Type | Types are:
|
Ref # | Unique ID assigned by the System. |
Status | Pending or Posted |
Owner | User/Worker |
Currency | i.e. USD |
XRate | The current X Rate. |
Memo | A/C memo |
Line Memo | On the Line Item |
Debit | Balance |
Credit | Balance |
Class 1, 2, 3, | For Reporting |
| |
This function is useful if you want to set up a recurring journal. The system will automatically create and apply the journal based on the parameters you set on the memorized transactions.
See ‘Using memorized transactions'.
Locate the General Journal and click ‘Create Copy’.
Last modified 3mo ago