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Malay
Level 1

I am not able to pass journal entry

I am passing journal entry for forex loss on payment, other expenses & profit & loss A/c but is not affecting in the profit after passing entry
1 Comment 1
Angelyn_T
QuickBooks Team

I am not able to pass journal entry

It's nice to have you here on the Community page, @Malay.

 

I'm here to share with you some insights about how journal entry works in QuickBooks.

 

Journal entry lets you move money between accounts and force your books to balance in specific ways. This may be the last resort for entering transactions into QuickBooks Online if you don't want to create them from the (+New icon. If it's not affecting your profit, then the income/profit account may not be selected.

 

For the time being, you can open the entry and review the accounts from there. If the account/s is incorrect, you can delete and recreate it.

 

To remove the entry, go to the More button, then select Delete.

 

If you need additional help in recording and accounting entries in QuickBooks Online, you may seek help from a professional accountant.

 

Also, here's an article you can read more journal entries: Create a journal entry in QuickBooks Online.

 

For additional tips, while working with QuickBooks, you can also open the topics from our help articles.

 

If you have any other questions, please let me know by adding a comment below. I'm more than happy to help. Keep safe!