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henryg
Level 1

Journal entries - adjusting

What is the import of ticking/marking a journal as an "adjusting journal". In my eyes, even if there is no existing transaction, all journals are adjusting entries.

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Best answer May 01, 2019

Accepted Solutions
Rustler
Level 15

Journal entries - adjusting

In terms of affecting the accounting you are right an adjusting entry does the same thing as any other journal entry

 

adjusting entries show up specifically in the adjusted trial balance report

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting, and will not show on many reports.

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2 REPLIES 2
Rustler
Level 15

Journal entries - adjusting

In terms of affecting the accounting you are right an adjusting entry does the same thing as any other journal entry

 

adjusting entries show up specifically in the adjusted trial balance report

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting, and will not show on many reports.

View solution in original post

henryg
Level 1

Journal entries - adjusting


adjusting entries show up specifically in the adjusted trial balance report

That's the bit I was after. Thank you very much.

 


  Journal entries also bypass accrual/cash reporting, and will not show on many reports.

That's interesting as I've never noticed while using the Desktop version for some years. Unless eg you mean if the Sales or Purchase ledger control accounts are directly journaled, which of course is a non-no in most all cases.