Entering half journal entries

 

Simplified menu - Click Accounting, Journal Entries

Standard menu - Click General Ledger, Journal Entries

Classic menu - Click Posting, Journal Entries

 

Half, or single-sided, journal entries are journal entries that do not consist of an equal debit and credit.  They do not update your general ledger by equal positive and negative amounts, as journal entries normally should.

 

Only enter half journal entries when your general ledger is out of balance.  If you enter a half journal entry when your general ledger is in balance, you will cause it to go out of balance.  Your System Balance report must read "G/L not balanced" before you enter a half journal entry.

  1. Enter the Date, click image\cal_icon.gif to select the date from the calendar, or press Enter to use the current date.  To use a prior year date enter the date and then enter the prior year adjustments password when prompted.

  2. Enter the G/L account number.

  3. (Optional) Enter the Reference number.

  4. Enter the Description of the journal entry.  For example, indicate why you are entering it.

  5. Enter the transaction Amount.  To enter a negative amount type a negative sign in front of the amount.

  6. Click Save image\save20x20.gif, and then click Post image\done16x16.gif.  When prompted, enter SINGLE as the password.

 

Journal entries

Entering journal entries

Editing journal entries

Entering prior year adjustments

Tips for entering journal entries

Automatic journal entries