Make a General Journal Entry

Make a General Journal entry:

  1. Open the General Journal window.
  2. In the Source box, enter the source of the transaction, such as an invoice number. Enter a date.
  3. If required, type a comment explaining the transaction.
  4. If you are using a foreign currency, select the currency in which the transaction occurs. If you select the foreign currency, then you can also set the exchange rate "on the fly".
  5. Note: The exchange rate is used for reports.

  6. Select the accounts which you would like to change and enter the appropriate amounts. For example, to pay a bank loan, you would select the bank account and enter the amount as a credit, and then select the Bank Loan account and enter the amount as a debit.
  7. Note: Total debits and credits must be equal (but not 0).

  8. If desired, enter a comment for each line of the transaction.
  9. To allocate revenue or expense amounts to a project, follow the steps on the topic Allocating Revenues and Expenses to a Project.
  10. If this transaction is a purchase or sale, you can also report the taxes.
  11. To verify the details of the transaction, on the Report menu, choose Display General Journal Detail.
  12. Click Process.