Creating General Journal entries

Step 1: Identify the purpose for the transaction

Step 1 > 2 > 3


If you havenít already read the General Journal Entries Overview, see Creating General Journal entries for more information.

The General Journal Entry window should be displayed.

  1. To describe the transaction, enter a comment in the Memo field. Your comment should be short but detailed.
  2. If you use the MYOB AccountEdge Multicurrency feature and you want this transaction to be in a currency other than your home currency, click the Currency button and choose the currency you want from the list of currencies that appears.

Note: Entering transactions in the13th period

If you chose to use 13 accounting periods in your fiscal year when you set up your data file, AccountEdge still divides your fiscal year into 12 calendar months. The 13th period doesnít follow the 12 months chronologically; instead, you can use any date you want to enter transactions in the 13th period. To do so, however, you must enter transaction dates a little differently than youíre accustomed to.

To enter a transaction for the 13th period, enter an asterisk (*) in the Date field before you enter the transactionís actual date. For example, if you want to place a transaction in the 13th period and want to indicate that the transaction was an adjustment for a transaction you originally entered on September 9, 2001, enter *9/9/01. (If you simply want to place a transaction in the 13th period and the actual date doesnít matter, you can enter whatever date you want following the asterisk). Regardless of the date you enter after the asterisk, that monthís accounting records wonít be affected by the entry.

Keyword: thirteen, thirteenth

Creating General Journal entries - Step 1