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yannxxnick
April 19, 2023
Solved

Difference between regular Journal entry and adjusting Journal entry

  • April 19, 2023
  • 2 replies
  • 17 views

Hi,

My question is simple, Im current new to Quickbooks 2018 Accountant (Desktop Version), Id like to know the difference between regular Journal entry and adjusting Journal entry. I can't see the difference why using the Adjusting Journal entry when the regular journal entry has no limitation.

Thanks for your help

Yannick

 

Best answer by BigRedConsulting

The only difference is that adjusting journal entries appear on the Adjusting Journal Entries report.

 

You can run the report from the QB menu at Reports | Accountant & Taxes | Adjusting Journal Entries

2 replies

A
AileneAModerator
Moderator
April 19, 2023

Hello, yannxxnick. 

 

I'm here to help you explain the difference between Regular Journal entry and Adjusting Journal entry in QuickBooks Accounting Desktop. The regular Journal entries let you add transactions you can't add in other programs or correct incorrect data in your accounting procedure, such as tax adjustments or depreciation expenses.

 

While an adjusting journal entry is a type of journal entry that adjusts an account's total balance, accountants usually adjust journal entries to fix minor errors or record uncategorized transactions.

  

Here are the articles that will explain more about Journal entries and Adjusting journal entries:  
 

 

Let me know if you have other concerns. I'll be around to provide additional help and information. Take care always.

BigRedConsulting
BigRedConsulting
Level 15
April 19, 2023

@AileneA  RE: I'm here to help you explain the difference between Regular Journal entry and Adjusting Journal entry in QuickBooks Accounting Desktop.

 

You wrote that, which is a good start, but then you didn't actually do it. Why not, since it's what you are here for?

    BigRedConsulting
    BigRedConsultingAnswer
    Level 15
    April 19, 2023

    The only difference is that adjusting journal entries appear on the Adjusting Journal Entries report.

     

    You can run the report from the QB menu at Reports | Accountant & Taxes | Adjusting Journal Entries

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