A journal entry is one of the most important aspects, when it comes to recording the accounting transactions of a company. A general journal entry is an accounting transaction entered, or posted, directly to the general ledger. A company’s general ledger basically acts as its main group of accounts, which is used to record the balance sheet and income statement transactions.

In today’s blog, we will be talking about the steps to creating journal entries in QuickBooks desktop. Thus, make sure to read this post carefully till the end. Or you can also talk to QuickBooks support team and leave the rest on them.

 

Steps to create a journal entry in QuickBooks

The steps involved in the process to create a journal entry in QuickBooks are as follows:

Step 1: First of all, the user needs to move to the journal entry feature

• And then click on the plus icon there
• This will show up a drop-down menu stating create, which will have the journal entry option

• After clicking on that option, the user will be redirected to the window having the blanks for necessary information

Step 2: The user will then have to enter date and journal number

• After the form opens up on the screen, the user is supposed to edit the journal date, whereas the current date will be automatically entered by QuickBooks
• If you are recording any entry from any other date, then ensure to correct the date before moving ahead
• The user will then have to fill in the journal number
• Or else the QuickBooks software will automatically enter the sequential number

Step 3: And enter the needed information

• Accounts
• Journal code
• Debit and credits
• Name
• Description

Step 4: After that select to make recurring journal entry schedule

Step 5: This will create a new journal entry successfully

 

Creating a journal entry in QuickBookswould be easy, once you follow the steps above. However, in case of any issue, or for further assistance, you can speak to QuickBooks desktop support team at 1-800-761-1787, and they will handle the situation for you.