Skip to main content
March 19, 2022
Question

I want to pass journal entry which consist 1000 of line item can i do it by any short cut??

  • March 19, 2022
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

March 19, 2022

Welcome to the Community, kanchan-vsassoci.

 

Let me guide you in making those journal entries in QuickBooks Online.

 

Each line item can only be entered manually and must be done carefully. These are the following reasons why you'll need to create a journal entry:

 

  • Enter debits and credits manually, like in traditional accounting systems.
  • Transfer money between income and expense accounts.
  • Transfer money from an asset, liability, or equity account to an income or expense account.

 

Before entering a journal entry to QuickBooks, make sure to understand accounting or you’re following the advice of your accountant. You should also have a good understanding of debits and credits.

 

To create a journal entry:

 

  1. Click on + New.
  2. Choose Journal entry.
  3. On the first line, select an account from the Account field. Depending on if you need to debit or credit the account, enter the amount in the correct column.
  4. On the next line, select the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
  5. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
  6. Enter information in the memo section so you know why you made the journal entry.
  7. Select Save and new or Save and close.

 

For more details check out this article: Create a journal entry in QuickBooks Online.

 

I've also added this in case you'll need to reverse or delete a journal entry in QuickBooks Online.

 

Let know if you still have other questions about journal entries. I'll be happy to help. Have a good day!