Accounting is an important part of every business process but it can be tedious and overwhelming. Luckily for us, times have changed and we have moved from a traditional accounting standpoint to one of automation.
QuickBooks is an accounting software developed by Intuit to help small and medium-sized businesses in their day to day recording of the company’s financial transactions.
If you are new to QuickBooks, you may be wondering how to get started. The first thing you need to be familiar with is making a QuickBooks Journal Entry.
How to Make a QuickBooks Journal Entry in 5 Steps
1. Navigate to the journal entry feature in QuickBooks Online.
2. Fill in the date and journal number.
3. Enter the correct accounts in the “Category” column.
4. Enter the debit and credit amounts until the entry is balanced.
5. Add a description and save.Kildal, Stacy “How to Record a Journal Entry in QuickBooks Online.” 29 January 2020
Once you’ve tried this out, it should be simple for you to make additional entries from now on. QuickBooks will be able to do this for you automatically most of the time, but knowing how to do so on your own will benefit you in case of manual edits and corrections.
Silicon Harbor Business Services is based in Mount Pleasant, SC. We provide solid, practical advice to small business owners and select individuals.
We work with Quickbooks Online, Quickbooks Desktop and Quickbooks Enterprise. For Quickbooks Online, we work with clients in Mount Pleasant, Charleston, Philadelphia, and across the US. For Quickbooks Desktop and Quickbooks Enterprise, we only work locally in the Charleston, SC area.
For a complete list of our services, please click here. If you have any questions about online bookkeeping or business consultancy, we’d love to hear from you. Please contact us here.