HiFinance
5
SECTION 6.3.3 - GENERAL LEDGER JOURNALS
There are some transactions in the General Ledger
that do not involve the bank. These include depreciation, loans, etc. This menu
leads to programs that allow this type of transaction. There are several
options on this menu. The first is for NORMAL JOURNALS. These post with
one period and must balance to zero before HiFinance will allow update. The second
is a similar function but you are asked for 2 dates and the journal is applied
twice, once normally and the second time in revers at the second date. This
type of journal is called a REVERSING JOURNAL and is used when you wish
to shift sales and expenses to different periods to more accurately show profit
in the correct accounting period. The third option is STANDING JOURNALS.
This function allows you to enter a template for an often-used NORMAL
JOURNAL. This entry does not, in itself, update any General Ledger
balances. However, if you have a journal that you often use as part of your
end-of-period processing, you can enter the shell of the journal here and this
will speed the entry and end-of-period.
The GENERAL
LEDGER JOURNALS MENU is accessed as item 3 from
the GENERAL LEDGER MENU. On
selecting this menu the following menu will be displayed:
To return to the GENERAL LEDGER MENU, press <ESC>.
