A journal entry is a manual record of a financial transaction that captures the details of the transaction, including the accounts affected, the amounts, and the date. Usually used to record non-standard or internal transactions that don’t involve a typical bill or invoice.
Creating Journal Entries
When you need to make a journal entry transaction for a property, use a journal entry task in Accounting.
From the Task page in the Accounting feature, click Journal Entry
Select the property that you need to make the transaction for
Enter your journal entry details: description, amount, debit account and credit account
Click Post to create the entry
Whats the difference between Debits and Credits? Think of it Like Buckets:
Assets/Expenses buckets fill up when you debit them and empty when you credit them.
Liabilities/Equity/Revenue buckets fill up when you credit them and empty when you debit them.