Manual Journal Entries: The basic journal entry type is used for most accounting transactions. Examples include adjustments and reclassif...
Manual Journal Entries: The basic journal entry type is used for most accounting transactions. Examples include adjustments and reclassifications. May be used to create adjusting journal by entering debits and credit entries and accruals manually.
Reversing Journal Entries: Reversing journal entries are created by reversing an existing journal entry. You can reverse any journal entry and post it to the current or any future open accounting period. Widely used to reverse errors and for revaluation of journals.
Recurring Journal Entries: Recurring journal entries are defined once, then are repeated for each subsequent accounting period you generate. You can use recurring journal entries to define automatic consolidating and eliminating entries. Examples include intercompany debt. Bad debt expenses, and periodic accruals.
Mass Allocations: Mass Allocations are journal entries that utilize a single journal entry formula to allocate balances across a group of cost centers, departments, divisions, or other segments. Examples include rent expense allocated by headcount or administrative costs allocated by machine labor hours.
