Journal Entry

Journal Entry


Journal Entry


Journal Entry module should be used with care.  There are less checks and restrictions in the JE module.

Stock adjustment module allows you to manipulate the inventory portion of the system.




Alert
STEPS:
  1. Click on ADJUSTMENTS > ADJUSTMENTS > JOURNAL ENTRY
  2. To fill the fields appropriately
  3. Click ADD once done
Alert
Fields definition:
  1. ACCOUNT: Account to affect.
  2. BUSINESS PARTNER: BP is required for Trade Debtor/Creditor account.
  3. TYPE: short code for the document type. Required for Trade Debtor/Creditor account.
  4. DOCUMENT: running number for document. Required for Trade Debtor/Creditor account.
  5. REFERENCE: Reference for this transaction.
  6. DESCRIPTION: Description for this transaction
  7. DEBIT: Transaction currency value
  8. CREDIT: Transaction currency value
  9. CURRENCY: Currency for this transaction
  10. EXCHANGE RATES: for this transaction
  11. JOB: Job for this transaction
  12. ACCOUNT DEBIT: accounting currency for this transaction
  13. ACCOUNT CREDIT: accounting currency for this transaction
  14. TAX: tax code for this transaction.




    • Related Articles

    • 6.0. YEC Adjustment

      After Closing - Auditor or Accountant Adjustment STEPS: Click on ADJUSTMENT Activity Click on ADJUSTMENT Module Select JOURNAL ENTRY Click on NEW, display on the bottom right module Adjustment Entries STEPS: Date End Financial Period Select ACCOUNT ...

    • 10.0. Multi Currency Report

      Re-Valuing Bank Amount Note that the Local Amounts shown for your Foreign Bank Balance, Balance Sheet, and other reports are calculated based on your document transactions exchange rates. Hence, it should NOT be taken as the current valuation. As ...

    • 11.0. Default Setup

      Default Settings Default Settings allow users to set thei preferred recurring option for each module. If this setting is done up, default options will be prefilled when creating a new document. (To Note: Existing Documents will not be affected.) ...

    • 1.0. Opening Entry Overview

      Opening Entry Opening entries are essential for transitioning financial data into the new system accurately. They align general ledger balances, outstanding AR/AP documents, and inventory as of a chosen, audited date. This process ensures the ...

    • Payroll Import: Setup

      The system has a feature to import payroll entries into a Journal Entry. Required Setup Setup -> Company Details -> Default Setting. Currency: the default currency of the transaction Subject: the JE subject that will be created. Running No. : the ...