Fields in the General Journal Entry window

Fields in this window

General Journal Entry window

General Journal #

When you begin to create a transaction in this window, this field automatically displays the next MYOB Accounting Plus GJ (General Journal) number available.

If you highlight the field, Auto # appears. This text indicates that the transaction will be automatically given an actual transaction number when it's recorded into the data file. This ensures that two or more users won't create transactions with the same transaction number at the same time.

You can choose to delete Auto # and enter a new number for the transaction. If you enter a number here, consider leaving the GJ prefix assigned to the number, so it’s easy for you to distinguish the transaction as a General Journal transaction. If you choose to enter a number in the ID # field, the next time you record a General Journal transaction, the ID # will automatically revert to the next available MYOB Accounting Plus GJ number; it won’t increase the number you entered by one.

Date

Enter the date of the transaction.

Memo

Using up to 255 characters, enter a description of the transaction. This description will appear on various MYOB Accounting Plus reports, as well as the General Journal.

Multicurrency icon

Click this button to open the Exchange Rate window.

Acct # column

Enter the number of the account you want to assign this transaction to.

Name column

This column displays the name of the account.

Debit column

If you want to assign a debit amount to the account you entered in the Acct # column, enter that amount in this column. If you wish to assign a credit amount for the account, press TAB to move the highlight to the Credit column.

For each line, you can enter an amount in either the Debit column or the Credit column only; you can’t enter amounts in both columns in the same line. (In other words, you can’t debit and credit the same account on one line.) You can, however, use the same account on multiple lines.

Negative numbers can’t be entered in this window. If you want to record a negative debit amount, enter a positive amount of the same number in the Credit column. Likewise, if you want to record a negative credit amount, enter a positive amount of the same number in the Debit column.

If the Out of Balance field at the bottom of the window lists an amount other than $0.00, this field will display a default amount that matches the Out of Balance amount. You can change this amount, if you wish.

If you don’t want to enter an amount in either the Debit or the Credit column, move to the next line. Keep in mind, however, that lines without amounts aren’t recorded as part of a journal entry.

Credit column

If you want to assign a credit amount to the account you entered in the Acct # column, enter that amount in this column. If you wish to assign a debit amount for the account, press TAB to move the highlight back to the Debit column.

For each line, you can enter an amount in either the Debit column or the Credit column only; you can’t enter amounts in both columns in the same line. (In other words, you can’t debit and credit the same account on one line.) You can, however, use the same account on multiple lines.

Negative numbers can’t be entered in this window. If you want to record a negative debit amount, enter a positive amount of the same number in the Credit column. Likewise, if you want to record a negative credit amount, enter a positive amount of the same number in the Debit column.

If the Out of Balance field at the bottom of the window lists an amount other than $0.00, this field will display a default amount that matches the Out of Balance amount. You can change this amount, if you wish.

If you don’t want to enter an amount in either the Debit or the Credit column, move to the next line. Keep in mind, however, that lines without amounts aren’t recorded as part of a journal entry.

Job column

If you need to assign an amount from one account to more than one job, use multiple lines to record the transaction. For example, assume you want to credit your Widget Sales account $100, but you want to assign $30 to job 12 and $70 to job 43. To do this, enter the Widget Sales account number in the Acct # column, then enter $30 in the Credit column and 12 in the Job column. Move to the next line, enter the Widget Sales account number again, enter $70 in the Credit column and 43 in the Job column.

Total

This field displays the total amounts of the Debit and Credit columns entered above. If the amounts are the same, you can click Record to record the transaction.

Out of Balance

This field displays the amount by which this journal entry is out of balance. If the amount appears below the Debit column, the debit amount is larger than the credit amount. If the amount appears below the Credit column, the credit amount is larger than the debit amount.

To record a journal entry, the total debit amount must equal the total credit amount - in other words, no amount should appear in the Out of Balance field if you want to record a journal entry.

Journal

Click this button to open the Transaction Journal window

Save Recurring

Click this button to open the Save Recurring Template window and create a recurring General Journal template, which will be saved in a separate “holding area” where you can retrieve the transaction as many times as you want in the future. You can change the information on a recurring template as needed. Until you record them, recurring General Journal templates have no effect on your financial records.

If you want to record the transaction as an actual General Journal entry now, click the Record button. If you don’t want to record the transaction at this time, click the Cancel button.

Use Recurring

Click this button to open the Select a Recurring Transaction window and use a recurring General Journal template.

Record button

Click this button to record the transaction you’ve entered in this window.

When the Out of Balance amount is $0.00 you may record the transaction.

Cancel button

Click this button to remove all the entries you’ve made and close the window.

*General Journal #*	When you begin to create a transaction in this window, this field automatically displays the next MYOB Accounting Plus GJ (General Journal) number available. If you highlight the field, Auto # appears. This text indicates that the transaction will be automatically given an actual transaction number when it's recorded into the data file. This ensures that two or more users won't create transactions with the same transaction number at the same time. You can choose to delete Auto # and enter a new number for the transaction. If you enter a number here, consider leaving the GJ prefix assigned to the number, so it’s easy for you to distinguish the transaction as a General Journal transaction. If you choose to enter a number in the ID # field, the next time you record a General Journal transaction, the ID # will automatically revert to the next available MYOB Accounting Plus GJ number; it won’t increase the number you entered by one.
*Date*	Enter the date of the transaction.
*Memo*	Using up to 255 characters, enter a description of the transaction. This description will appear on various MYOB Accounting Plus reports, as well as the General Journal.
*Multicurrency icon*	Click this button to open the Exchange Rate window.
*Acct # column*	Enter the number of the account you want to assign this transaction to.
*Name column*	This column displays the name of the account.
*Debit column*	If you want to assign a debit amount to the account you entered in the Acct # column, enter that amount in this column. If you wish to assign a credit amount for the account, press TAB to move the highlight to the Credit column. For each line, you can enter an amount in either the Debit column or the Credit column only; you can’t enter amounts in both columns in the same line. (In other words, you can’t debit and credit the same account on one line.) You can, however, use the same account on multiple lines. Negative numbers can’t be entered in this window. If you want to record a negative debit amount, enter a positive amount of the same number in the Credit column. Likewise, if you want to record a negative credit amount, enter a positive amount of the same number in the Debit column. If the Out of Balance field at the bottom of the window lists an amount other than $0.00, this field will display a default amount that matches the Out of Balance amount. You can change this amount, if you wish. If you don’t want to enter an amount in either the Debit or the Credit column, move to the next line. Keep in mind, however, that lines without amounts aren’t recorded as part of a journal entry.
*Credit column*	If you want to assign a credit amount to the account you entered in the Acct # column, enter that amount in this column. If you wish to assign a debit amount for the account, press TAB to move the highlight back to the Debit column. For each line, you can enter an amount in either the Debit column or the Credit column only; you can’t enter amounts in both columns in the same line. (In other words, you can’t debit and credit the same account on one line.) You can, however, use the same account on multiple lines. Negative numbers can’t be entered in this window. If you want to record a negative debit amount, enter a positive amount of the same number in the Credit column. Likewise, if you want to record a negative credit amount, enter a positive amount of the same number in the Debit column. If the Out of Balance field at the bottom of the window lists an amount other than $0.00, this field will display a default amount that matches the Out of Balance amount. You can change this amount, if you wish. If you don’t want to enter an amount in either the Debit or the Credit column, move to the next line. Keep in mind, however, that lines without amounts aren’t recorded as part of a journal entry.
*Job column*	If you need to assign an amount from one account to more than one job, use multiple lines to record the transaction. For example, assume you want to credit your Widget Sales account $100, but you want to assign $30 to job 12 and $70 to job 43. To do this, enter the Widget Sales account number in the Acct # column, then enter $30 in the Credit column and 12 in the Job column. Move to the next line, enter the Widget Sales account number again, enter $70 in the Credit column and 43 in the Job column.
*Total*	This field displays the total amounts of the Debit and Credit columns entered above. If the amounts are the same, you can click Record to record the transaction.
*Out of Balance*	This field displays the amount by which this journal entry is out of balance. If the amount appears below the Debit column, the debit amount is larger than the credit amount. If the amount appears below the Credit column, the credit amount is larger than the debit amount. To record a journal entry, the total debit amount must equal the total credit amount - in other words, no amount should appear in the Out of Balance field if you want to record a journal entry.
*Journal*	Click this button to open the Transaction Journal window
*Save Recurring*	Click this button to open the Save Recurring Template window and create a recurring General Journal template, which will be saved in a separate “holding area” where you can retrieve the transaction as many times as you want in the future. You can change the information on a recurring template as needed. Until you record them, recurring General Journal templates have no effect on your financial records. If you want to record the transaction as an actual General Journal entry now, click the Record button. If you don’t want to record the transaction at this time, click the Cancel button.
*Use Recurring*	Click this button to open the Select a Recurring Transaction window and use a recurring General Journal template.
*Record button*	Click this button to record the transaction you’ve entered in this window. When the Out of Balance amount is $0.00 you may record the transaction.
*Cancel button*	Click this button to remove all the entries you’ve made and close the window.