Journal entries are used to record transactions that don't fit into any other category in QuickBooks Online. They are typically used for adjusting entries, such as depreciation or accruals, or for recording transfers between accounts.
1
Log in to your QuickBooks Online account and navigate to the home page.
2
Click on the "+ New" button in the top-right corner of the screen.
3
From the drop-down menu, select "Journal Entry" under the "Other" section.
4
In the "Journal Entry" window, enter the date of the entry. This should be the date the transaction occurred.
5
Next, enter a brief description of the transaction in the "Journal Entry" field. This description should be clear and concise, helping you identify the purpose of the entry in the future.
6
Now it's time to enter the account details. Each journal entry requires at least two accounts: a debit and a credit. Enter the account name or number in the "Account" column and the corresponding debit
7
When you are done with your Journal Entry you can select "Save and New" or Save and Close" in the bottom right hand corner.