Chapter 17
Entering Special Transactions Using General Journal Entries
In this chapter:
• The QuickBooks Journal Entries window
• Make adjustments to the general ledger
• Depreciate fixed assets
• Use journal entries to post to outside payroll services
As you work in QuickBooks, the amounts involved in the financial transactions you complete—such as invoices and bills—are automatically posted to the appropriate accounts in your chart of accounts (the chart of accounts is covered in detail in Chapter 2). But, if necessary, you or your accountant can make an adjustment to an account directly. QuickBooks refers to this type of transaction as a general journal entry (aka journal entry).
Journal entries should be used to enter only financial data ...
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