When should I use a journal entry?
ForLandlordsProperty managers
Who can do this
Anyone with Create Transactions.
Where to find it
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Steps
- Use the guided forms for everyday income, expenses, bills, invoices and transfers; they pick the right accounts and tax for you.
- Use a journal entry for adjustments and corrections that need specific accounts, such as an opening balance, an accrual or reclassifying an amount.
What happens next
A journal entry posts the debits and credits you enter directly to the general ledger.
Limits
Kera doesn't give accounting advice on which accounts to use. Ask your accountant.
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