Creating a General Journal Entry for a Bank Account
This is a duplicate record listed under "Bookkeeper." The original is under "Banking" as this procedure is properly performed from the Banking toolbar.
Big Business does not allow a Journal Entry (from the Journal tool on the Bookkeeper toolbar) to a Bank Account because it would create an entry the would not show up on a Reconciliation. (3007, 30721)
Big Business does not allow a Journal Entry (using the General Journal tool on the Bookkeeper toolbar) to a Bank Account because it would create an entry that would not show up on a Bank Reconciliation.
Use the Balance Adjustment tool on the Banking toolbar. Think of the Balance Adjustment a General Journal entry between a Bank Account and a Category. Use the Balance Adjustment to record adjustments to your Bank Accounts, including service charges and corrections.
When using the Balance Adjustment tool, keep the following in mind:
• Balance Adjustments are permanent. You cannot Void or Delete a saved Balance Adjustment. To correct an error, you must enter another Balance Adjustment.
• Balance Adjustments allow you to select only one offset Category. For payouts with splits, use a Misc. Check or Make a Payment to Other.
• When using a Balance Adjustment in conjunction with a General Journal entry, you may want to create a clearing account for use on the General Journal entry, then use the Balance Adjustment to affect the Bank Account, using the clearing account as the offset.
To enter a Balance Adjustment:
1. Select the Balance Adjustment tool. Enter the Reference Number, Date, and Bank Account, as appropriate.
2. Enter either a New Balance for the account, or the amount of the adjustment.
3. Specify an offset Category, using the Category QuickPop.
4. Click the OK Button to Save the Balance Adjustment.
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