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Enter Journal Entry

Owned by Kyle Niekamp
Last updated: 06 16, 2022 by Claire Aleman

Overview:

The General Journal Entry window allows you to transfer costs from one area in an organizational unit (OU) to another area within the same OU or within a different OU. You can transfer these costs between balance sheet OUs if you set up PENTA to allow automated inter-company transactions. In general, you can only post journal entries to non-sub ledger accounts. Exceptions to the rule are the following tabs of this window, which handle sub ledger activity:

    • Job Cost
    • Asset
    • Account
    • Work Order

Benefits:

  • The ability to transfer costs to and from multiple distribution types between different organizational units
  • This process will automatically create inter-company payables and receivables when journalizing between balance sheet organizational units

Roles:

  • Staff Accountant
  • Accounting Manager
  • CFO

Location:

  • Financial & Accounting > Data Entry > Journal Entries > Journal Entry

Video:


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