QuickBooks General Ledger, General Ledger Accounting With QuickBooks, How to prepare QuickBooks General Ledger Entry, Get Help for General Ledger Reports
General Ledger Accounting With QuickBooks
QuickBooks business accounting software manages financial data of your company and other tasks that were earlier required to be completed by a full-time accountant. QuickBooks software auto-runs calculations, organizes information by account, and alerts you when you attempt to input an inaccurate debit or credit. Both the General Ledger and Transaction Detail by account reports provide you with important information about money management of your company.
General Ledger Reports
A General Ledger report provides a summary of entire transactions for the current month. The General Ledger report shows the starting balance, ending balance and all of the transactions for the period organized by account. A balanced ledger carries an equal amount of credits for every debit. The General Ledger report offers option for quick scanning for unexpected ending balances, credits posted to expense accounts and debits posted to revenue accounts.
How to prepare QuickBooks General Ledger Entry
? Choose Company drop-down menu and select Make General Journal Entries.
? Click -> Date field and select the correct date for the ledger entry.
? Click -> Entry No field and enter in a value for the journal entry if a value doesn’t already exist.
? Click -> Account and select the account you want to use to initiate a debit.
? Enter the value of the transaction in the Debit column. Use a debit for a payment and a credit to indicate a deposit.
? Click the Memo field and type a memo
? Select the Name column and select the customer, vendor, employee or name for the transaction.
? Enter a new transaction on the next line for the account receiving the credit for the transaction.
? Click Save & Close when the transaction register reaches a zero balance.
If you face any problem or have any kind of query regarding QuickBooks Ledger contact QuickBooks Customer Support without delay. The QuickBooks expert ProAdvisors provide you instant resolution so that you can resume your work hassle free. The Intuit certified ProAdvisors are approachable via various modes like phone support, email support, live chat etc. Sometimes due to some valid reasons you fail to reach the support professionals. In such scenario you can contact other reliable agencies.