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May 11, 2024
Question

Trying to enter cash expenses for my business as journal entries. Filled out pertinent info. Still asking me to balance debits and credits. How to handle?

  • May 11, 2024
  • 1 reply
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The expense under question was for food during an oversight trip in the months prior to establishing the Airbnb LLC.

1 reply

May 11, 2024

When entering cash expenses for your business as journal entries, it's important to ensure that your debits and credits balance, GARJD.

 

I want to ensure that I provide you with the most accurate assistance for your concerns. To better understand the issue, could you please provide additional details or, if possible, a screenshot? Just make sure to cover all important details.

 

If you're experiencing difficulty balancing them, here are some steps you can take:

 

  • Double-check each entry to ensure accuracy. Make sure you have correctly classified each transaction as a debit or credit.
  • Ensure that you're using the correct accounts for recording expenses. You may have selected the wrong account, causing an imbalance.

 

Still, I highly recommend consulting with an accountant. They can review your journal entries and guide how to correct any imbalances.

 

Additionally, you can visit this article to access tips and further details about debits and credits: Debit vs. credit in accounting: The ultimate guide and examples

 

You are welcome to visit again if you need further assistance with QuickBooks, especially when using the Journal Entry feature. I'm always here to lend a hand.