What is the Journal?
Updated over a week ago

The Journal is a record of the raw business transactions that are recorded in the General Ledger. The Journal reflects each transaction that has been tracked in the Transactions Dashboard as well as manual journal entries. It also reflects all changes that have been made to the transactions (i.e. deleted, recategorized, etc).

Using the Journal

The Journal can be used to view all of the underlying entries that make up the totals in the accounting reports and Chart of Accounts. Since it is a robust record that includes an entry for each change that is made to a transaction, it may be more helpful to use the General Ledger, which summarizes the Journal.

If you want to use the Journal to understand your financials, there’s a few keys things to know:

  1. Each Entry will indicate one of the following

    1. Expense - Indicates the transaction associated with the journal entry is an expense tracked in the Money Out Dashboard

    2. Income - Indicates the transaction associated with the journal entry is an income tracked in the Money In Dashboard

    3. Tax Payment - Indicates the transaction associated with the journal entry is a tax payment that was tagged in the Money Out Dashboard or entered in the Taxes Dashboard

    4. Transfer - Indicates the transaction associated with the journal entry is a Bank Transfer that was tracked in the Transactions Dashboard

    5. Manual - Indicates the entry is a manual journal entry that was entered directly in the Journal

  2. You can use the filters to filter by GL Account, Date, or the amount of Rows displayed.

  3. You can use the Search or Advanced Search to view certain journal entries by date range, transaction name, account, debit amount, or credit amount.

  4. By clicking on a journal entry, you can view the transaction it's associated with or the manual journal entry that was entered and make changes to it as needed.

  5. You can enter manual journal entries as needed by following the steps here.

Did this answer your question?