Accounting

Journal entries

Record adjustments, opening balances and anything without its own form.

1Go to Journal Entries and click New.
2Enter the date and a memo.
3Add lines: each has an account and either a debit or a credit. Total debits must equal total credits.
4Save.

Typical uses: opening balances, depreciation, accruals, reclassifying a transaction posted to the wrong account, and year-end adjustments from your accountant.

Prefer the proper form when there is one (invoice, bill, payment): it keeps customer and vendor balances right.