Add journal entries
You can manually add journal entries using the default accounts or using accounts you add to the Chart of Accounts.
You should note the following when adding journal entries.
- If you change or delete a transaction, OnBalance will update or remove the journal entry as well.
- You can change only manually entered journal entries. You cannot change or delete automatic journal entries.
- In order to save a journal entry, all entries must balance to $0.00.
OnBalance will automatically create journal entries when you enter the following types of transactions.
- sales
- payments on invoices
- bills
- payments on bills
- income
- expenses
- other movements
To add a manual journal entry, do the following.
- Click Accounting in the navigation panel.
- In the Journal Entries screen, select the accounting period, and then click New Journal.
- Enter the required information.
- Click Save.
The availability of some or all of these features depends on your OnBalance contract and/or configuration.