Journal Entry

Use this form to:

Enter transactions for month end adjustments;
Transfer values from one account to another;
Enter month end accruals;
Enter opening balances;
Correct posting errors that may have occurred when transactions were posted into the General Ledger from other modules.

You can also use this form to maintain or edit existing journals.

You must enter both positive and negative values in the journal, so that the journal lines total zero. If the debits and credits do not match and you try to save the journal transaction, Greentree warns you that the journal does not balance. Unless you balance it, an entry is forced to the GL Suspense Account for the unbalanced amount.