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If the journal is denied or recycled the Approval History will capture the last approval status however the journal initiation status to workflow does not change if the journal is denied or recycled. The Comment Log captures all Workflow approvals including previous journal denials or recycles as well as comments pertaining to the approval of the journal.. Creating a Journal Entry Step 1 To create a journal from the Menu select 1. General Ledger 2. Journals 3. This will send the journal to...
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How to fill out creating a journal entry
How to fill out creating a journal entry
01
Locate the journal entry form or template
02
Enter the date of the entry
03
Provide a brief description or title for the entry
04
Select the appropriate account for the debit entry
05
Enter the amount of the debit
06
Repeat the previous two steps for the credit entry
07
Ensure the total debits equal the total credits
08
Add any necessary explanations or additional details
09
Review the entry for accuracy
10
Save or submit the journal entry for processing
Who needs creating a journal entry?
01
Accountants and bookkeepers who are responsible for recording financial transactions
02
Business owners and managers who need to track and analyze financial information
03
Auditors who review financial records for accuracy and compliance
04
Financial analysts who use journal entries as part of their analysis
05
Students learning about accounting principles and practices
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