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K
khorihataj-gmail
October 13, 2022
Question

Where can you choose to make the journal entry into an adjusting journal entry

  • October 13, 2022
  • 1 reply
  • 0 views
There is no option for me to choose to make the journal an adjusting journal entry and the adjusted trial balance is not showing up in my reports menu.

1 reply

C
CharleneMaeF
October 13, 2022

There's a reason for the missing option, khorihataj-gmail.

 

The ability to create adjusting journal entries is only available in the QuickBooks Online Accountant version. As a workaround, I'd suggest using the regular journal entry. However, the adjustment might not reflect properly on your reports since it's tagged as regular records.

 

Here's how:

 

  1. Go to + New and then select Journal entry.
  2. Add the correct details of the transaction.
  3. Check the amounts. You should have the same amount in the Credit column on one line and the Debit column on the other. 
  4. Click on Save and close.

 

Aside from that, you can invite an accountant to adjust the entries. You might also consider upgrading your QuickBooks Online plan.

 

Additionally, I've added an article that'll help you learn more about posting transactions accurately when creating journal entries: Debit vs. Credit.

 

Please keep us posted if you have additional questions about tracking and managing your entries. We want to make sure your books are accurate.

A
andi_d
April 25, 2024

Hi there. What if I want to book the adjusting entries in QBO and not the individual with the Accountant role? Can I make an Accountant role for myself? I don't want it to be a normal journal entry. Thank you.

F
FateCandylaneT
April 25, 2024

It's best not to complicate things on your company file, andi_d.

 

QuickBooks Online and QuickBooks Online Accountant are two different features when managing transactions and finances of your business accounts. As mentioned on this thread, adjusting journal entries is only available in the QBOA version. This ability and access can be performed for accountants invited to your company or users with QBOA subscriptions.

 

That said, you may consider taking into account the steps mentioned above when using a regular journal entry. Accounting adjustments made to this process may not reflect accurately on your reports as these are tagged as a regular data.

 

Additionally, you can visit this link to find accountants based in the US: https://quickbooks.intuit.com/find-an-accountant/. They can provide you with their expertise in handling adjustments in your account.

 

  1. Open the link provided.
  2. Enter your region or location in the search bar and click Search.
  3. You can read reviews first, then select recommended accountants in nearby areas.

 

Moreover, you can also talk to an expert by visiting our QuickBooks Live Bookkeeping page.

 

I'll gladly assist you with any additional queries when managing entries in your file. Feel free to reply to this post, and I'll be around to help you further. Keep safe and have a great day ahead!

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