Journal Entries

The Journal Entries tab in Manager.io is designed for recording all accounting adjustments that do not fit into other tabs. This feature allows you to manually enter financial transactions to ensure your accounts are accurate and up to date.

Creating a New Journal Entry

To add a new journal entry, navigate to the Journal Entries tab and click the New Journal Entry button.

Understanding the Journal Entries List

The Journal Entries tab displays a list of all your journal entries with several important columns:

Date

The Date column shows the date when the journal entry was made.

Reference

The Reference column displays the reference number for the journal entry, helping you identify and track entries.

Narration

The Narration column provides the description or notes you added to the journal entry.

Accounts

The Accounts column lists all the accounts involved in the journal entry, separated by commas.

Debit

The Debit column displays the total of all debit amounts for the journal entry.

Credit

The Credit column shows the total of all credit amounts in the journal entry.

Status

The Status column indicates whether a journal entry is Balanced or Unbalanced:

• Balanced: The totals of the Debit and Credit columns are equal.
• Unbalanced: The totals are not equal. Manager.io will automatically transfer the discrepancy to the Suspense account on the Balance Sheet report to keep your financial statements balanced. To eliminate the balance in the Suspense account, ensure all your journal entries are Balanced.

Customizing Column Visibility

You can customize which columns are visible in the Journal Entries tab. To do this, click the Edit Columns button.

For more information on customizing columns, see Edit Columns.