QuickBooks HelpQuickBooksHelpIntuit

Create journal entries in QuickBooks Online

SOLVEDby QuickBooks536Updated January 17, 2024

Journal entries are the last resort for entering transactions. They let you move money between accounts and force your books to balance in specific ways. Use them only if you understand accounting or you’re following the advice of your accountant. You can also find a ProAdvisor if you need one.

A few reasons why you’d need to create a journal entry are:

  • Entering debits and credits manually, like in traditional accounting systems,
  • Transfering money between income and expense accounts, or
  • Transfering money from an asset, liability, or equity account to an income or expense account.
  1. Select + New.
  2. Select Journal entry.
  3. On the first line, select an account from the Account field. Depending on if you need to debit or credit the account, enter the amount in the correct column.
  4. On the next line, select the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
  5. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
  6. Enter information in the memo section so you know why you made the journal entry.
  7. Select Save and new or Save and close.

Or, watch the video if that's more your style!

Have any other questions for our team?

If any of your questions were left unanswered, we'd love to hear them!
Pop over to our QuickBooks Community's discussion on bookkeeping processes where you can ask your questions, have them answered by qualified QuickBooks Online experts, and hopefully help others with the same questions out in the process.

Was this helpful?

You must sign in to vote, reply, or post
QuickBooks Online EssentialsQuickBooks Online PlusQuickBooks Online Simple Start

Sign in for the best experience

Ask questions, get answers, and join our large community of QuickBooks users.

More like this