Video Lesson on How to Create a General Journal Entry in Sage 50 Accounting:
This video lesson, titled “How to Create General Journal Entries in Sage 50 Accounting,” shows how to create a general journal entry in Sage 50 Accounting. This video lesson is from our complete Sage 50 tutorial, titled “Mastering Sage 50 Made Easy.”
Overview of How to Make General Journal Entries:
In Sage 50 Accounting, a general journal entry lets you record a transaction not recorded by other journals. You can also use it to enter and edit an account reconciliation adjustment. You enter both debits and credits in the “General Journal Entry” window to post a balanced transaction. When entering the general journal entry’s amounts, you must perform double-entry to ensure the total credit and debit amounts are equal for the entire entry before posting it. This then affects the account balances in the General Ledger.
To create a general journal entry in Sage 50, select “Tasks| General Journal Entry…” from the Menu Bar. In the “General Journal Entry” window that then opens, enter the “Date” of the entry. Then assign it a “Reference” code which uniquely identifies it on reports. Then enter the “Account No.” for each transaction line (and you can enter either the debit or the credit first), a line “Description,” and either the “Credit” or “Debit” amount. To save the transaction once the transaction is balanced, click the “Save” button.
Note that in addition to the standard buttons in the toolbar at the top of the window, you also have “Previous” and “Next” buttons at the upper-right corner of this and several other “Task” windows in Sage 50. You can click these buttons to cycle through the previous and next entries in this window.