How to Enter a Journal Entry in QuickBooks? Easy Steps to Follow

When entering account transactions in QuickBooks Desktop and Online, errors can occur every now and then. When such errors occur, you might need to enter a journal entry in QuickBooks to rectify the discrepancies. By following the steps suggested by experts, the user can make changes to the incorrectly recorded transactions in QuickBooks. How to enter a journal entry in QuickBooks is a general query raised by QuickBooks users while organizing their accounts and finances in QuickBooks. Follow the complete article and learn how to make adjusting journal entries in QuickBooks Online and Desktop.

Make sure to follow each step listed in this article carefully as a single wrong entry in the accounts can mess up the complete QuickBooks adjusting journal entries report. For any help related journal entries in QuickBooks you can always dial (800)-417-5147

Method  to Enter a Journal Entry in QuickBooks Desktop

Journal entries in accounting terms are the transactions posted into the company’s general ledger account. Journal entries are the last place where the transactions are recorded in QuickBooks. Here are the steps that you can follow the create journal entries in QuickBooks.

1. Click on the Company File tab and click Make General Journal Entries.
2. Using the Make General Journal Entries option, change the Date field as per your requirements.
3. In Entry No. Field fill the journal entry number and QuickBooks will automatically fetch the details of that specific journal entry.
4. In the Account, the column fills in the general ledger account number.
5. Enter the debit or credit amount for the selected account into the Debit or Credit section. The debits and credits must match to make the bring balance to the entries in QuickBooks.

Method  to Enter a Journal Entry in QuickBooks Online

1. Log in to your QuickBooks Online using a web browser and click the + icon to create a new journal entry.
2. After clicking Journal Entry select the correct account that you want to make changes to from the Accounts field.
3. Enter the amount that you want to credit or debit to the account.
4. Enter the info related to the transaction in the Memo column and then click Save and Close.
5. To create a new journal entry you can choose the option that says Save and New.
6. Make sure to view the journal entries that you have created to check everything in the accounts in good shape and all the discrepancies are resolved.

Hopefully, following the steps mentioned above you have got your answer on who can make adjusting journal entries in QuickBooks online and how to enter a journal entry in QuickBooks. There might be possibilities, that you might encounter an error while entering journal entries in QuickBooks or you might not receive the expected results after the changes are made. In such situations, we always suggest QuickBooks users get in touch with the experts available at (800)-417-5147.