Join Bonnie Biafore for an in-depth discussion in this video Creating a general journal entry, part of QuickBooks Pro 2012 Essential Training.
Now that you've seen some examples of journal entries, the steps for creating a…journal entry are easy.…The challenge initially is putting the numbers in the Debit and Credit columns correctly.…You can also use journal entries to record transactions that are billable to customers.…To create a general journal entry on the Company menu, choose Make…General Journal Entries.…In the Date box choose the date for the journal entry.…For example, if you want a record end of the year entries choose December 31.…
QuickBooks automatically numbers journal entries by incrementing the last…one you've created.…If you want to differentiate journal entries you can type a prefix like your…initials and then the number.…So you can see which entries you make versus those from your accountant.…In the first Account cell choose one of the accounts.…To recategorize expenses choose the Utilities Expense account in this example.…To decrease the dollars in the Utilities Expense account type the dollar…value in the Credit cell.…
Author
Bonnie Biafore
Released
11/22/2011- Using the QuickBooks menus and home page
- Creating and customizing a company file
- Setting essential preferences
- Setting up a chart of accounts
- Setting up customer, job, and vendor records
- Setting up items for services, products, time billed, and mileage
- Setting up sales tax, discounts, and other charges
- Understanding the difference between transactions such as bills, invoices, credit memos, sales receipts, statements, and journal entries
- Creating purchase orders and bills
- Invoicing customers
- Handling credits and refunds
- Receiving payments
- Depositing funds in a bank account
- Working with bank accounts, credit cards, and petty cash
- Recording journal entries
- Backing up and restoring a company file
Skill Level Beginner
Duration
Views
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Introduction
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Welcome55s
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Using the exercise files2m 31s
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1. Touring QuickBooks
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Opening a company file1m 46s
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Navigating between windows1m 47s
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2. Setting Up a Company File
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Gathering information1m 55s
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Creating a company file3m 52s
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Creating a new user7m 2s
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Backing up your company file5m 50s
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Restoring your company file2m 17s
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3. Setting Up a Chart of Accounts
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Making an account inactive2m 16s
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4. Setting Up Customers, Jobs, and Vendors
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Creating a customer4m 30s
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Creating a job2m 30s
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Creating a vendor2m 27s
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5. Setting Up to Sell Services and Products
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Using items2m 59s
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Creating a service item4m 48s
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Creating an inventory item6m 30s
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Setting up sales tax5m 48s
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Creating a group of items2m 35s
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Making items inactive1m 33s
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Setting price levels4m 55s
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6. Tracking Time and Mileage
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Setting up time tracking2m 28s
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Entering time5m 14s
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Tracking mileage4m 45s
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7. Paying for Expenses
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Creating a purchase order3m 42s
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Entering a bill4m 43s
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Managing inventory2m 43s
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Paying bills4m 33s
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Paying sales tax2m 24s
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8. Invoicing
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Adding items to an invoice5m 18s
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Creating batch invoices4m 46s
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Editing and voiding invoices2m 16s
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Creating an estimate3m 17s
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Creating a progress invoice3m 52s
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Working with prepayments3m 59s
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Creating a statement charge3m 15s
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Producing statements4m 59s
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9. Printing and Emailing Forms
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Setting up print options4m 32s
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Emailing a sales form5m 4s
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10. Receiving Payments
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Receiving a payment4m 11s
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Assessing finance charges3m 53s
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Depositing payments3m 34s
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11. Performing Other Tasks
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Searching for info in a file2m 49s
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12. Working with a Bank Account
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Handling bounced checks4m 29s
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Correcting discrepancies5m 9s
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Writing a check for expenses3m 36s
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Paying with a credit card1m 43s
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Paying with cash3m 4s
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13. Running Reports
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Printing or saving a report3m 24s
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14. Working with Journal Entries
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Using journal entries4m 26s
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Conclusion
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Next steps1m 31s
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Video: Creating a general journal entry