TABLE OF CONTENTS

4. Journal

In this section, we’ll guide you how to manage journal entries, and how to maintain Accounting Block & Year End Closing.

    4.1 Journal Entry

        4.1.1) Basic

a.How to create a new journal entry?

    In this example, we will be loading initial balances into your primary bank.

A simple entry of this transaction would look like:


Cash in Bank                         30000

　　Capital                            　20000

　　Retained Earnings                    　10000


  1. Go to Navigator, Accounting ⇒ Journal ⇒ Journal Entry 
        


  1. Click on the Green Plus Button to add a new line

  2. Enter the G/L code for your Capital(30100).

  3. Enter the amount credited from Capital in the credit column.

  4. Similarly, enter the G/L code for your Retained Earnings.

  5. Enter the amount credited from your Retained Earnings in the credit column.

  1. You could click “Add a new balanced entry” for the debit side and the amount will be filled $30000 automatically. Enter the GL code for the bank you want to make the deposit into.

  2. Click Save.

*Note: Please make sure that the date entered in the red highlighted box is a date prior to any transaction made in the system, if any.



                To check if the amount is deposited into your bank, go to Accounting ⇒ Bank ⇒ Bank Book Balance.