Automatic journal entries

 

When you enter transactions, your clients/matters and your general ledger accounts are updated so that your system remains in balance.  You enter the client/matter number for which you want to record a transaction, but the program processes the general ledger update automatically.  This general ledger update is called an automatic journal entry.  Automatic journal entries vary depending on your accounting method.

 

To view the automatic journal entries processed by data entry programs, click the link below corresponding to the accounting method you use.  Also, read Accounting methods.

 

 

Accounting method C - Cash accounting

Accounting method M - Modified Cash

Accounting method B - Billings as Revenue

Accounting method W - WIP as Revenue