Ledger Transaction Examples

💡These articles show example ledger transactions and how to use ledger items in journals, and example Transaction Type setups for them, from bank payments and receipts to general, payroll, depreciation and periodic journals.

Articles#

• Items and General Ledger Transactions: Shows how to set up ledger items with default debit and credit accounts and use them in General Journal entries.
• Setup Example – Bank Payments (General): Shows how to set up a Transaction Type for general Bank Payments that record expenses and asset purchases.
• Setup Example – Bank Receipts (General): Shows how to set up a Transaction Type for general Bank Receipts that record income such as interest and asset sales.
• Setup Example – Depreciation Journal: Shows how to set up a Transaction Type for the Depreciation Journal, with Enable Depreciation, and how to post monthly depreciation.
• Setup Example – General Journal: Shows how to set up a Transaction Type for the General Journal, used for entries such as accruals and loan interest.
• Setup Example – Payroll Journal: Shows how to set up a Transaction Type for the Payroll Journal, which debits staff expenses and credits a payroll accrual account.
• Setup Example – Periodic Journal: Shows how to set up a Transaction Type for the Periodic Journal, used for month-end entries that clear the inventory accrual account.
• Transaction Examples – Ledger: Shows example ledger transactions: bank payments and receipts, General, Payroll and Periodic Journals, supplier payments and customer receipts.