STUDYPEACH

How to maintain the General Journal Entry

The journal entry is the point of entry of business transactions into the accounting systems. It is chronological record of the transactions, showing an explanation of each transaction, the accounts affected, whether those accounts are increased or decreased, and by what amount.

Step no1. Go to the task bar menu and click on the General journal entry.

The following window will appear.

Step no 2. First of all enter the date of which period you want to enter the general journal entries in “Date” field.

Step no 3. Enter the reference number in “Reference” field. This field is used to give a unique or different code to each journal for identification.

Step no 4. Enter the “GL Account” for which you want to enter the journal entries, and the general ledger account can be added in chart of accounts.

Step no 5. Enter the description of journal entry in “Description” field.

Step no 6.  Enter the amount from which you want to debit the entry in “Debit” field.

Step no 7. Enter the amount from which you want to credit the entry in “Credit” field.

Step no 8. Click the “Save” button to save the journal entries.