Journal Entries

Carolexx · ‎November 21, 2023

My CPA gave me a list of journals to put into my quickbooks account. I am unable to put in any A/R entries because the adjustment is to A/R account not any particular accounts. How do I work around this. He has also asked me to make an entry to a R/E account and I don't know what that stands for, any suggestions?

4Gal · ‎November 21, 2023

You can prepare your JE data with the following template

RefNumber

Transaction Date

Account

Debit

Credit

Memo

Name

Class

Billable

Is Adjustment

Currency

Exchange Rate

Home Currency Adjustment

Amounts in Home Currency

1

27/09/2020

Checking

130

PR 092518

John Smith

N

1

27/09/2020

Wages

200

PR 092518

John Smith

N

1

27/09/2020

Payroll Taxes Payable

50

PR 092518

John Smith

N

1

27/09/2020

Health Insurance Payable

20

PR 092518

John Smith

N

then use an importer tool to proceed. It's a one time license.

https://get.transactionpro.com/qbd

R/E = Retained Earnings account

BigRedConsulting · ‎November 21, 2023

Line item to an A/R account require a Customer name. Your accountant should know this.

R/E stands for "Retained Earnings".

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