Working with Journal Entries

You can post journal entries to adjust the book balances (AJE) so that the leadsheets, balance sheet, and income statement reflect accurate balances for reporting. You can also post journal entries to adjust balances for tax return purposes (TJE).

You can reclassify or transfer amounts from one account to another (RJE) with journal entries as well. Reclassified journal entries are applied to the adjusted balance to arrive at a final balance.

To record journal entries that you do not want to post to the trial balance, create a passed journal entry type (PAJE). Passed journal entries are included in the journal entry export, so you can review them in aggregate.

Eliminating journal entries (EJE) are added to adjust the subsidiary total balances. They can only be created in a consolidated trial balance and must be assigned to a subsidiary's account. Eliminating journal entries are not included in journal entry exports at this time.

You can access journal entries from any page in an engagement — with the exception of the Recycle Bin page — by clicking Journal Entries on the toolbar on those pages.