How to Add a Journal

Objectives

• Add a new journal

Steps

Open the Billing Module from the navigation menu

Then go to Accounting→ Manual Journals → New Journal

The journal entry includes at least two accounts with corresponding debits and credits, and each transaction affects at least two accounts. The debit side must be equal to the credit side in each transaction. This is known as the double-entry bookkeeping system, which ensures the accuracy of financial records.

The Journal form has many important fields, such as:

• Date
• Description
• Accounts Names and Description
• Type of transfer: whether Credit or Debit
• Amounts: The first field is the amount inserted by the user and the second Amount is in the Currency of the Entity in case currencies were different.

Add another line: allows the user to transfer billing from one or more accounts to another one or more accounts such that the debited amount equals the credited amount.

This allows the user to bill in the Billing module from the Journal grid to begin with real transactions, after defining the Amounts of Owners for the Company, Banks, Petty cash, and more.

Moreover, you have the option to add accounts on the fly when you want to add a journal without even going out of the page. All you have to do is to type the account name and click on "Add new account".

To access the list of journals, click on Accounting→ Manual Journals → View Journals

Via the action wheel next to the Journal, you can Print, View/Edit, Clone, or Delete a Journal.

For more information about LEXZUR, kindly reach out to us at help@lexzur.com.

Thank you!