how do i make a journal entry quickbooks for mac

How Do I Make A Journal Entry Quickbooks How To Create A

If youve spent any time working with QuickBooks, you may know that most of the journal entries that get recorded in the QuickBooks data file are recorded automatically.

QuickBooks displays the Make General Journal Entries window, as shown here.

After you provide this basic information, you use the columns of the Make General Journal Entries window to record the journal entry.

You may find it useful, though, to be reminded that you can use the Memo column to enter some description of the debit or credit; you can use the Name column to identify the customer, vendor, employee, or other name associated with the credit or debit; you can use the Billable column to indicate that the debit or credit should be listed as an amount to be billed to the named customer; and you can use the Class column (if youve turned on class tracking) to classify the debit or credit.

If you do, that name will be associated with every line of that journal entry when you view reports in QuickBooks, even if the name relates only to the first line.

If you do want to associate names with lines of a journal entry, one way to do this cleanly is to leave the first line of the journal entry blank so that no stray entries become inadvertently associated with reports.

To help streamline this process; -First set up a Memorized Transaction in QuickBooks.

How Do I Make A Journal Entry Quickbooks How To Create A

Here is a step by step guide for how to create a simple memorized transaction for payroll.

This custom file can be imported directly into a desktop version of QuickBooks.

To get started, please share a sample journal entry andor a copy of your chart of account with your account manager.

You will not have to sit coding fields and mapping lines of entries; our experienced staff will work with your accounting team to format the report to suit your needs for import.

If you do not use QuickBooks, we can export files to match a number of other accounting software.

Gross payroll is the total amount you pay your employees BEFORE deductions.

This can be a mixture of payroll expenses and liabilities such as taxes, health benefits, 401(k) contributions, etc.

For example, if you use an Accrual Based accounting practices you would date your payroll entry on the pay period end date.

How Do I Make A Journal Entry Quickbooks For Mac