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Level 3

Journal entries

I have no experience by making journal entries . My question would be : if I have 60 transactions with diferent dates Can I register all of them  in one journal entrie or I have to register in 60 journal entries?

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Best answer April 19, 2020

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Level 3

Journal entries

Hello Mary thanks for answer to my question, but I am still in doubt, because if  you put the 60 transactions under one journal entry that has only one date,H the system del with the other 59 without dates, because the 60 transactions I mention has diferent dates AND diferent account.

View solution in original post

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Level 3

Journal entries

Thank you, it make sense, because if I Fhave 60 differents dates , no way  putting  them all in one shot in a journal that only allows one date.

View solution in original post

8 Comments 8
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QuickBooks Team

Journal entries

Thank you for contacting us, exaida.

 

Journal entries are the last resort for entering transactions. Use them only if you understand accounting or you’re following the advice of your accountant. You can also find an accountant if you need one.

 

While you can only enter one journal date per transaction, you'll want to create 60 entries in QuickBooks Online. 

 

I'm glad to show you how:

  1. Click + New.
  2. Select Journal entry under Other. If you're in Business view, switch to Accountant view first. Then, come back to these steps.
  3. Enter the Journal date and Journal no..
  4. Complete other fields to create your entry.
  5. If you have multiple entries on the same date, you can add another line for them.
    createJE.PNG
  6. Select Save and new or Save and close.

Feel free to read through this article: Reverse or delete a journal entry if you wish to update or correct those entries once recorded in the system

 

Stay in touch if you need additional information. Just tag my name and I'll get back to you.

 

Thank you and take care always!

Level 3

Journal entries

Thanks for answer to my question Mary , but I am still confused with how the quickbooks deals with the dates in adding 60 diferent transactions , with diferent dates, where it is supposed the correct dates will be because in the entry there is availability for one date?

Highlighted
Level 3

Journal entries

Hello Mary thanks for answer to my question, but I am still in doubt, because if  you put the 60 transactions under one journal entry that has only one date,H the system del with the other 59 without dates, because the 60 transactions I mention has diferent dates AND diferent account.

View solution in original post

Highlighted
Level 10

Journal entries


@exaida wrote:

I have no experience by making journal entries . My question would be : if I have 60 transactions with diferent dates Can I register all of them  in one journal entrie or I have to register in 60 journal entries?


@exaida 

 

Can I register all of them in one journal entry or I have to register in 60 journal entries?

 

If you want one posting date, you can all 60 transactions in one entry but if these are different dates, you may want to add them separately.

If these are banking related transactions, you can manually enter in the bank register. Even for many non-banking related transactions, you can just add to register. It's very easy and simple. Journal Entry is not the preferred way to enter transactions in QBO.

To enter transactions in the Bank Register:

Left Dashboard > Accounting > Chart of Accounts > Select Bank account and click View Register under Actions column.

Select the ADD menu under the Date column and follow easy steps.

It's like updating your checkbook.

 

Hope this helps!

 

add transaction to register.PNG

 

 

Highlighted
Level 3

Journal entries

Thank you, it make sense, because if I Fhave 60 differents dates , no way  putting  them all in one shot in a journal that only allows one date.

View solution in original post

Highlighted
Level 10

Journal entries


@exaida wrote:

Thank you, it make sense, because if I Fhave 60 differents dates , no way  putting  them all in one shot in a journal that only allows one date.


@exaida 

 

Yes, it's so simple to use REGISTER in QBO.

You can manually enter banking and just about any other transactions in the register.

When you create a new transaction using the forms, it goes to to the register (COA) anyway.

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Level 1

Journal entries

When I make the journal entry, I am debit one account and crediting the other account, but when I go to the check register they are the opposite.  No one can tell me why???

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QuickBooks Team

Journal entries

Hello, @langstonconst-ci.

 

The effect of the journal entry depends on the account types you're adding. The Debit side only increases the asset and expense accounts. That said, these two accounts decrease their amount on the Credit side of the accounting table. On the other hand, liability, income/revenue, and equity/capital accounts increase on the Credit side and decrease on the Debit side.

 

For now, I recommend reviewing the journal entry recorded, and ensure to use the correct accounts under the Debit and Credit column.

 

To learn more about creating journal entries, check out this article.

 

If you have any other questions, leave a comment below. I'm here to help. Have a good one!

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