Accounting is a complicated subject in itself and one such complex task is to record Journal Entry. QuickBooks has completely transformed the scenario for small and medium-sized businesses with its introduction. It has simplified the process of Journal Entry and helps the users to save their time. It focuses on the accurate recording of Journal Entry as it creates entry automatically by QuickBooks to avoid any error. QuickBooks Help is available 24*7 for you so that you can record journal entries effectively and efficiently.
Now follow the given instructions by QuickBooks Help to create a journal entry in QuickBooks:
- Log into your QuickBooks account.
- Go to Company on the main menu.
- Select Make General Journal Entries from the menu at the top of the screen.
- Choose the Date field and make changes appropriately in the Make General Journal Entries window if necessary. Otherwise, it will select the default date automatically.
- QuickBooks should create a journal entry number automatically. If not, then you are required to enter a number in the Entry No. field for your journal entry.
If you are facing any issues while following these instructions, call QuickBooks Help @ 1-800-290-0629 to resolve your technical issues instantly.
- Submit the account number of general ledger in the Account column. From a drop-down menu in the Account column, you can also pick the first account.
- After selection of the account, you can enter the debit or credit amount for the selected account into the Debit or Credit columns. It is required to ensure that the debits and credits must be equal so that the entries are balanced and allows QuickBooks to post the entry. Follow this step by QuickBooks Help carefully.
- Enter a descriptive memo in the Memo Column. It will be shown on reports that include this journal entry. It is an optional step, but it’s recommended so that you’ll remember the purpose of why the entry was made later.
Optimistically, you are on the same page as QuickBooks Help is on.
- Perform Steps 4 through 6 again until the entries completely offset each other and the transaction reaches a zero balance. It is important that the sum of the Debit column should be equal to the sum of the Credit column, and the journal entry will then be properly balanced.
- Click Save & Close to save the journal entry and close the window. If you want to continue with new Journal Entry, then click Save & New to save the previous journal entry and open a new window.
Hopefully, these will give you a better understanding of Journal Entry. If you still have any queries or require further information, you can contact QuickBooks Help @ 1-800-290-0629 and can speak to our QuickBooks Customer Support for clarity.