You can make journal entries in QuickBooks to adjust or correct transactions and post entries that cannot be performed in other ways, Such as adjustments to profit or loss. The journal entry process is fairly straightforward, but you can only make a journal entry for one customer or vendor at a time. However, journal entry is used in QuickBooks online while sending money between income and expense accounts. Also, to transfer money from an asset, liability, or equity account to the income or expense account. Essential records of business transactions such as credit or debit amount date and other key information is maintained in journal entries. Thus, it becomes important to keep track of all your transactions, as it helps to keep your accounting application and journal entries organized. Moreover, with growth in your business size, your data keeps on expanding. Thus, it becomes a bit tedious to find certain journal entries in QuickBooks. To help you deal with this, below we have listed all the steps that can help you view journal entries in QuickBooks Online.
What Is A QuickBooks Journal Entry?
The QuickBooks program is designed to automate certain aspects of financial management and accounting, which can help you manage your business accounts. QuickBooks records certain data automatically when transactions occur, for example, at a point of sale in a retail or other commercial organization. However, sometimes, you may need to record data manually, which is what general journal entries are intended for. To add a general journal entry, choose “Company” and then “Make General Journal Entries” within the QuickBooks interface. From there, you can enter the details of the entry, including which accounts the data is associated with. The debit or credit in question, any customers, employees or others associated with the data, and other optional information.
Moreover, General journal entries present a range of options. For example, you can opt to include a memo, which will then appear in your QuickBooks reports. Or specify that an amount entered is billable, which automates the billing process for the transaction. The details you include in a general journal entry depend on the nature of the data you are recording. But your distribution lines must result in a zero balance when the entry is complete.
Steps To View Old Journal Entries In QuickBooks
Follow the below-given steps to view old journal entries in the QuickBooks application. Moreover, to make sure that there is no issue with your entries, you can verify it by double-clicking them.
- At first, you have to sign in to QuickBooks Online.
- After that, click on the Plus (+) sign at the top-right corner of the home screen.
- Then, click on the Other option and move to Journal Entry.
- Further, click on the Clock icon at the left hand upper corner of your screen and click on View More.
- Now, click on Recent Journal Entries.
Here’s How You Can View List Of Journal Entries In QuickBooks
To view journal entries, you have to run a Journal report in the QuickBooks accounting application. If you are looking for the process that can help you view journal entries in QB. Then you must proceed with the below-given steps:
- Sign into the QuickBooks Online application in the first place.
- To the left pane of QuickBooks Online, click on the Reports option.
- Further, you have to search for Journal in the text box to the right.
- After that, click on This Month-to-date drop-down and select Custom under the option of the Report Period.
- Make sure to filter in the reports as per your required date range.
- Lastly, the report will be updated and you will be able to view journal entries in QuickBooks Online.
Steps To Find Journal Entries In QuickBooks Online With Advanced Search Option
QuickBooks Online comes with the Advanced Search option that narrows down your search for a particular transaction that you are looking for. Moreover, it enables you to simply view journal entries in QuickBooks.
- At first, you have to sign in to the QuickBooks Online application.
- Then, click on the Advanced Search option.
- After that, select Journal Entries from the drop-down menu.
- At last, it depends on you if you wish to view journal entries in QuickBooks. Or use the filters to narrow down your search.
Need Help To View Payroll Journal Entries!
We have tried our best to provide you with all the steps that can help you view Journal entries in QuickBooks online without any hassle. However, if you are stuck while following any of the above-listed steps. We would suggest you contact Asquare Cloud Hosting Toll-Free Number +1(855)-738-0359. Our experts are there at your assistance 24X7 to help you resolve any QB related query.