General Journal Entries

In Sage Simply Accounting, general journal entries refer to those transactions that cannot be made elsewhere.

For example:

• taking cash out of the business if you are an owner
• making a loan payment

You can process transactions affecting all accounts except the linked Accounts Payable, Accounts Receivable, Payroll Advances, and Vacation Payable accounts, inventory asset accounts, and Current Earnings accounts. You cannot update these linked accounts directly. Their balances are changed only through the related transaction windows, or when the program automatically calculates the balance of the Current Earnings account.

You also use general journal entries at the end of a fiscal year to record adjustments for the old and new fiscal years.

Note:  If you are using the Accountants' Edition, you can access your client's accounts from this transaction window.

What do you want to do?

Enter a general journal entry

Adjust a general journal entry

Void a general journal entry

Look up a general journal entry