General Journals

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General Journals

Enter Journals

Reverse Journals

Memorize Journals

General Journals - need to know

You can create, memorize, import, and copy journal entries.

Debits and credits can be applied to any GL account.

Journal by Customer or Supplier

To simplify trading partner transactions, you can debit and credit Customers (accounts receivable) and Suppliers (accounts payable).

General Journal Fields

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.

Create a General Journal entry

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

Add Debits and Credits

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’

Reverse a General Journal entry

Locate the General Journal and click ‘Reverse Entry’.

Import General Journals

Use this function to bulk import journal entries.

Go to Setup>Import Data>Upload Journals

Import Template Fields

Column Name	Notes
Account/TP	The name of the GL Account or Trading Partner (Customer, Supplier, or Worker)
Type	Types are: Financial Account, Customer, Supplier
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

Memorize a General Journal

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'.

Copy a General Journal

Locate the General Journal and click ‘Create Copy’.