Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Hello, 9130 3507 5972 7616.
Thank you for reaching out to the Community. I can walk you through on how to enter this various entry in QuickBooks Online.
First, the Journal entries are aggregated to the general ledger which is then used to construct financial statements such as loss statements, balance sheets, and cash flow statements. Here's how to do it:
In journal entries, the total of the Debit and Credit columns must be equal.
Second, for Receipt entry, Here's how:
Then, you'll review and categorize it like handling a bank transaction. See more information in this article: Capture and categorize expense receipts and bills in QuickBooks Online.
Third, to record a payment in QuickBooks, Here's how:
For more detailed steps, please check out this article: Record invoice payments in QuickBooks Online.
Lastly, a contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts.
For example, a company withdraws cash from the bank account to meet its daily expenses and this entry is recorded as follows: cash Account is debited while the Bank account is credited.
That's it. Please let me know if you have other questions in mind. Have a good one and stay safe!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.