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Steps to Make a Journal Entry in QuickBooks Desktop?

If you are wondering how to make a journal entry in QuickBooks Desktop, then read this post until the end to find your answers. Journal entry is a way to enter your financial transactions in the application. However, it is not a simple task to record journal entries in QuickBooks Desktop, and you may need to reach out to an expert for additional help. However, you can follow the steps described in this post to enter journal entries in the QuickBooks application.

“Not sure how to make QuickBooks Desktop journal entries? Dial QuickBooks Accounting Support Number 1-(855)-856-0042 to reach out to a qualified QB expert for immediate technical assistance”

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What Does A Journal Entry in QuickBooks Exactly Mean?

Before discussing how to make a journal entry in QuickBooks Desktop, it is essential to understand a journal entry in the QuickBooks application. It is a transaction to be recorded in the QuickBooks application, where the total amount in the debit column should match the total amount in the credit column. The credit and debit amounts are assigned to an account on the chart of accounts in the program, and the recorded transactions are often termed as General. These transactions may include:

  • Credits and debits of a company.
  • Transfer of money between income and expense account.
  • Money transfer from equity, asset, or liability account to income or expense account.

Now that you know about a journal entry in QuickBooks let’s discuss how to make a journal entry in QuickBooks Desktop.

Steps to Create A Journal Entry in QuickBooks Desktop Application

Below is the procedure that can help you in creating a journal entry in the QuickBooks application when followed carefully:

  • First of all, move to the Company and then select Make General Journal Entries.
  • Now in the Make General Journal Entries section, enter Date for which you want to get your entry recorded.
  • Next, you need to fill the Entry No. Field and QuickBooks will automatically number the subsequent journal entries in a proper sequence.
  • After that, enter the general ledger account number in the Account column.
  • Moving ahead, in the selected account, enter the debit or the credit amount in the Debit or Credit columns. While doing so, you need to ensure that credit and debit amounts are equal and allowed in QuickBooks to post the entry.
  • You may now add a description of the transaction in the Memo column that can be useful in the future. (Optional step)
  • Repeat the steps until the amount in the Debit column becomes equal to the amount in the Credit column so that the transaction reaches a zero to get a balanced journal entry.
  • Click Save and Close to save your journal entry.
  • Alternatively, you may click Save and New if you want to save the journal entry and open a new Window.

These steps can help you with your query on how to make a journal entry in QuickBooks Desktop.

How to Edit A Journal Entry in QuickBooks?

If you need to edit your journal entry in QuickBooks, you can perform the below-described procedure:

  • Go to the Company menu and select Make General Journal Entries.
  • Now select Find and enter Date, Name, Entry Number, or Amount and then click Find.
  • Once you are done, double-click on the journal entry that you want to modify.
  • After making the required changes, click Save and Close.
  • Click Yes to apply the changes.

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Ask Experts How to Make A Journal Entry in QuickBooks Desktop?

The steps discussed in this post can help you on how to create a journal entry in the QuickBooks application. If you need help from professionals, reach QuickBooks Helpdesk at 1-(855)-856-0042. On connecting, you can learn how to make a journal entry in QuickBooks Desktop without any technical distress.

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