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Create and manage Journal entries
Create and manage Journal entries
Updated over 6 months ago

Greetings and welcome to the user guide dedicated to understanding journal entries, a fundamental component in accounting and transaction management. Journal entries are especially helpful for managing referrals after closing, adjusting commission payouts and expenses, and so on.

  1. To create a journal entry, go to Accounting > +Add > Journal entry. You will be prompted to select whether this Journal entry is related to a specific transaction or not.

    1. If you select a linked transaction, you'll see the Journal entry in the transaction ledger.

    2. You can also create a Journal entry right from the Transaction Ledger page by clicking the Actions > Add journal entry button at the top-right of the page.

  2. Begin by selecting the Date of your entry, payment's Ref number (if applicable), and a short context-related description for Notes.

  3. The next step is adding the needed line items. First, select the related Account and enter the Debits amount. For Memo, we recommend writing a specific reason for making this entry. Then, select the related Party.

    1. You can add as many line items as you want by clicking the + add line item button.

  4. Follow the same flow for Credits: select the Account, enter the Credits amount, write a Memo and select the Party.

  5. When all set, click Create.

Now, you can see the journal entry in the General ledger as well as the Transaction's Ledger if you've selected a transaction during the journal entry creation, and Agent's ledger (for the agents selected as Party).

Journal entries will also be reflected in agent statements and agent's transaction history.

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