General journal entry information:
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Accounting date
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To edit, click Actions > Edit.
The date Ajera uses to determine the period for which the journal entry
appears on financial statement
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Reference
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The identifier for the journal entry. It prints on financial reports
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Description
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A description for the journal entry. It prints on financial reports
Ajera adds the suffix -Reversed
to an auto-reversing journal entry A journal entry consisting of two entries. The first is made in the current accounting period to ensure that accrued revenues and expenses are recorded correctly on financial statements. The second is made with a future date that reverses the effects of the first entry, to prevent duplication when the actual revenues and expenses are entered. Firms often use auto-reversing journal entries at the end and beginning of accounting periods, such as month-end or year-end, to get an accurate view of their monthly or yearly financial status. and - Copy to a copied journal entry.
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Notes
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Any notes about the journal entry
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Basis
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You cannot change the accounting basis.
If you need to change the accounting basis, void the journal entry and enter a new one with the correct basis.
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Account details (in the
table):
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Account ID & Description
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The account ID and description associated with the transaction
If you select an allocated account, a message
appears, confirming that you want to distribute overhead expenses among
specified departments.
Multi-company only. If you select an intercompany account, see Entering journal entries to intercompany accounts.
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Department
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unavailable in ajeraCore unless you have the Departments add-on
If you are using departments, the department associated with the transaction
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Debit amount, Credit amount
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Depending on the normal balance of the account,
you can enter either a credit or a debit for a transaction. Type the amount
for the transaction in the credit or debit field, as applicable.
Note: |
You cannot enter a negative
value for a transaction. However, if necessary, you can enter a credit
to an account that normally contains a debit, or a debit to an account
that normally contains a credit.
The credit or debit amount that currently
causes the journal entry to be out of balance appears at the top of
the table. When you finish entering all your transactions, In
Balance appears to indicate that your entry is in balance.
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Notes
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Any notes about the transaction in the journal entry - These notes print
on the GL Entry inquiry when you add the Notes column to the inquiry.
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