How to Post a Journal entry

This article will cover posting a Journal Entry in Studio Designer.

Studio Designer is a double entry accounting system.  This means that you must have at least two entries for each complete journal entry and the total of those entries must be 0.00.

 

Step 1: Click Accounting > Journal Entries

 

This will take you to the Journal Entries page. If you have made any Journal Entries previously, they will appear on this screen.

 

Step 2: Click New Journal Entry

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This will take you to the “New Journal Entry” screen where you can edit the values of your new Journal Entry.

 

 

Step 3: Fill in the details of the Journal Entry

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Here is where you enter how much money, the type of entry and the account that will be impacted.

 

Step 4: Click Save

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This creates a Pending Journal Entry and closes the page.

 

Step 5: Verify the transaction

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The entry will now appear on the Journal Entry page.

Step 6: Click New Journal Entry

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Now that you’ve created one side of the Journal Entry, you need to create the other side in order to have this logged into your account correctly.

Step 7: Create the Reverse of the previous entry and Save

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Fill in similar information to the first transaction. Ensure that the Amount is negative.

Step 8: View both sides of your single entry

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The balances on this screen need to equal “0”.

 

Step 9: Click Post Entries

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You will see a dialog prompting you to make these entries. Click OK to Post the entrie

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