Accounting · 59 / 92

Journal entries

Manual double-entry, for the few things ordinary trading does not cover — depreciation, accruals, an opening balance.

Steps

1. Open it

   Accounting → Journal Entries → New.

2. Add the lines

   Account, debit or credit, and a description on each line.

3. Balance it

   Debits must equal credits. MC-POS will not post an unbalanced entry.

4. Post it

   It appears in the general ledger and the trial balance straight away.

Good to know

• You should not need journals for sales, purchases, refunds or expenses. Those post themselves. A journal for one of them usually means something was recorded in the wrong place.
• Control accounts such as stock, receivables and payables are protected from casual manual entries so they keep agreeing with the documents behind them.