Standard journal entries work in exactly the same way as the Transfers option described above, except that you can reference any nominal/cash book accounts in this transaction.
For example, you may have discovered that the analysis of a previous receipt or payment was incorrect.You would use the standard journal to post the amounts from the incorrect accounts to the correct accounts.If you are running a nominal ledger, this makes sure the period-end values are correct.
Article ID: 1053
Created On: Wed, Jun 27, 2012 at 3:19 PM
Last Updated On: Mon, Jun 19, 2023 at 7:01 PM
Online URL: https://kb.datafile.co.uk/article/journals-cashbook-1053.html