How To Open A Journal Entry In Quickbooks Without Opening The Register

More ProAdvisor Insights

In order to complete your year-end activities, your accountant may suggest that you lot tape journal entries in QuickBooks. When making periodical entries in QuickBooks, you lot need to know which account receives the debit and which account receives the credit side of the transaction.

Detailed instructions:

Choose Company > Make General Journal Entries.
In the Make General Journal Entries window, alter the Date field to the date provided past your accountant.
The Entry No. field is optional.
Enter Full general Periodical Entry details – distribution lines:
1. In the Account cavalcade, enter the showtime business relationship in your transaction. If you are using an accounts receivable or accounts payable account, the first account in the General Periodical transaction should be the accounts receivable or accounts payable account.
2. In the Debit or Credit columns, enter the debit or credit corporeality for the business relationship you selected in the previous pace.
3. Enter the memo provided by your accountant in the Memo cavalcade. This memo will appear on reports.
4. Enter or select the client (for accounts receivable) or vendor (for accounts payable) – This is required.
5. In the Business relationship column, enter the next account in your transaction.
Click Save & Close to salve the journal entry and shut the window, or click Salve & New to salvage the journal entry and open a bare full general journal entry window.

If you accept old accounts receivable or accounts payable in your crumbling reports, contact your accountant to determine the correct journal entry to eliminate them.

Debbie Denny

I joined Hawkins Ash CPAs in 2008. I am an Accounting Services Managing director, Avant-garde Certified QuickBooks Desktop ProAdvisor and Certified QuickBooks Online ProAdvisor. I have been certified in QuickBooks for more than xx years and specialize in software consulting and training, small business accounting and taxation grooming. I also am experienced in Sage 50 software.