• Journal entries
  • Adjusting Entry worksheet
  • Other Entries worksheet
  • Add an adjusting entry type
  • Create a new journal
  • Create a new tax code
  • Post an adjusting entry
  • Post a calculated adjusting entry
  • Post a transaction
  • Record other basis adjustments
  • Renumber adjusting entries

Create a new journal

You can create an unlimited number of journal types in a Working Papers file. When you create a new journal type, it will display as a tab in the Other Entries worksheet.

To create a new journal type:

1. On the ribbon, click Account | Other Entries.
2. On the Other Entries worksheet, click Customize.... The Customize Journals dialog displays.
3. On the Journals tab, click New....

4. Complete the New Journal dialog as required.

   Option	Description
   Journal ID	Enter a unique two-character ID for the journal. After posting a transaction to the journal, you cannot modify the ID.
   Description	Enter a description of the journal to display on the tab in the Other Entries worksheet. The description can contain up to 35 characters.
   Extended Description	If required, enter an extended description of the journal. The extended description does not display on the printed document.
   Allow Tax Type Postings	Select to permit tax transactions in the journal. Tax transactions calculate based on the tax code selected in the Default Tax Code drop-down menu.
   Default Tax Code	Select a tax code to use when calculating tax transactions in the journal. You can add or modify tax codes from the Tax Codes tab of the Customize Journals dialog.
   Show Debit and Credit Columns	Select to display both Debit and Credit columns for the journal on the Other Entries worksheet, rather than the single Total Amount column. When this option is enabled, you no longer need to apply a minus (-) to credit amounts when posting transactions.
   Manual Tax Amount Entry	Select to permit manual tax entry for tax codes where Allow manual tax amount override in journals is enabled. Manual tax entries are used for reference purposes only and are not posted to the General Ledger.
   Account Type	Select the account type that transactions in the journal will affect. After posting a transaction to the journal, you cannot modify the account type. Financial: Affects accounts on the Balance Sheet or Income Statement. Cash Flow: Affects accounts on the Statement of Cash Flow. Performance: Affects accounts that measure performance.

   Click OK.

The journal is created and added as a new tab in the worksheet.