Learn how to create adjusting journal entries and review them in an Adjusted Trial Balance report.
An adjusting journal entry is a journal entry that adjusts an account's total balance. Accountants usually use adjusting journal entries to fix minor errors or record uncategorised transactions.
|Note: This feature is only available in QuickBooks Online Accountant. You must be logged in to a client's company file through QuickBooks Online Accountant to use these features.
If you're not an accountant, here's how to enter a normal journal entry. We recommend working with an accountant or bookkeeper when you need to enter journal entries. You can also find an accountant if you need one.
Make an adjusting journal entry
- From the Toolbar, select the client's company from the Go to client's QuickBooks drop-down list.
- Select the + New button.
- Under Other, select Journal Entry.
- Select the Is Adjusting Journal Entry? checkbox.
- Enter the journal entry, as required.
- Select Save and close.
Review the Adjusted Trial Balance report
The Adjusted Trial Balance lists all of the accounts balances contained in the general ledger before adjusting entries are applied. It also lists the total adjusting entries for an accounting period and the account balances after you make the adjustments.
It's is an internal document, not a financial statement. Adjusted Trial Balance reports help you to verify that the total amount of debit balances in the general ledger equals the total amount of credit balances.
- Go to Reports.
- Enter Adjusted Trial Balance in the Search bar, or browse to the Adjusted Trial Balance report on the Accountant Reports tab.
- Select Adjusted Trial Balance (Accountants Only) from the list of results to open the report.