Journal Entries in Docyt

Switching to the correct business and creating a journal entry in QBO is time-consuming. Docyt's new feature simplifies this by allowing users to add journal entries directly within the platform for "Do not push to ledger" / "excluded" transactions, saving time and reducing errors significantly.

• Create Journal Entries
• View Journal Entries

Create Journal Entries:

1. Navigate to the Banking and Reconciliation module, then choose "Reconciliation Center."

2. Under the Reconciliation Center, navigate to "Journal Entries" and click on "Add" to create a new Journal Entry.

3. Fill in all the required details and click “Add“ to save the information:

   • Chart of Account

   • Description

   • Vendor/Customer

   • Department

   • Debits

   • Credits

   
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4. The new journal entry will appear on the Journal Entry page. To view its details, click on the entry. If you need to make changes, click "Edit."

5. Edit the journal entry and click "Save."

View Journal Entries

You can also view Journal Entries created inside the Docyt environment, whether they are created in Docyt or outside Docyt. Follow the steps to view the Journal Entry:

1) Navigate to Month- End- close detail page from the Month End close section

Month End close section

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Month- End- close detail page

2) Navigate to Additional Uncleared Balance and click on the option highlighted in green.

3) Select a view (Highlighted in Green) to view the journal entry.

4) Journal entries will be opened inside Docyt based on the source of creation(Docyt/QBO).