Recording External Transactions via Journal Entries
Transactions or funds handled outside the system can still be recorded in your accounting sheets using Journal Entries, ensuring your balances remain accurate and current.
Creating a Journal Entry
Navigate to Accounting > Accounts.
Click the three-dot icon near the top-left corner and select New Journal Entry.
Completing the Journal Entry
Once you select the New Journal Entry option, you should see the following pop-up:
Each Journal Entry has the following fields:
Description: Enter detailed notes or context about the journal entry.
Company: Select the company under which the funds should be recorded.
Accounts: Choose the appropriate accounts for funds entry (debit) and removal (credit).
Amounts: Indicate the amounts to be debited or credited for each account.
Important: Each journal entry must contain both a debit and a credit to maintain balanced records. Property Matrix will show you an error if the debit and credit amounts are not equal.
Finalizing
After entering all relevant information, click Save to record the journal entry, or Save and New to record the journal entry and immediate create another new entry.