How to Record QuickBooks 2014 Journal Entries
QuickBooks makes it easy for you — an accountant — to record journal entries. If you’ve spent any time working with QuickBooks, you may know that most of the journal entries that get recorded in the QuickBooks data file are recorded automatically. If somebody writes a check, for example, QuickBooks records the journal entry for that. When somebody creates an invoice, again, QuickBooks records the journal entry for that.
To record a journal entry, choose Company→Make General Journal Entries. QuickBooks displays the Make General Journal Entries window.
You can probably figure out how to use the Make General Journal Entries window yourself. You enter the general journal entry date in the Date box. You use the Entry No. box to number journal entries or to assign them some meaningful code.
After you provide this basic information, you use the columns of the Make General Journal Entries window to record the journal entry. You don’t need to be told that the general ledger account number or name goes in the Account column, the debit amount in the Debit column, and the credit amount in the Credit column.
You may find it useful, though, to be reminded that you can use the Memo column to enter some description of the debit or credit; you can use the Name column to identify the customer, vendor, employee, or other name associated with the credit or debit; you can use the Billable column to indicate that the debit or credit should be listed as an amount to be billed to the named customer; and you can use the Class column (if you’ve turned on class tracking) to classify the debit or credit.
You should never put a name in the first row of the journal entry. If you do, that name will be associated with every line of that journal entry when you view reports in QuickBooks, even if the name relates only to the first line.
If you do want to associate names with lines of a journal entry, one way to do this cleanly is to leave the first line of the journal entry blank so that no stray entries become inadvertently associated with reports.