What is a Journal Entry?

  • Updated

Journal entries can be used to reconcile your accounts or add manual entries.

For example, an expense such as a "Checking Account Monthly fee" could be added as a journal entry to ensure that your CARET Legal Checking Account balance matches the balance in your Checking Account.

Bookkeepers often use journal entries to reconcile accounts across various books and software programs.

To add a Journal Entry:

  1. Navigate to the Accounting section, then select the Banks & Registers tab.

  2. Click + in the action bar and select New Journal Entry from the drop-down list.

  3. Complete the fields.
    • Required fields are indicated with a purple bar.

  4. Click Save &Print, Save & Close or Save & New to enter another journal entry.

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