You can handle day-to-day transaction entries in QuickBooks using invoices, bills, checks and other familiar forms. When you fill out these forms, however, QuickBooks is recording a journal entry ...

Business transactions posted to the general ledger are recorded through journal entries. These entries record increases and decrease to the business's assets, liabilities and owner's equity accounts.

Keeping records for most organizations requires a double-entry bookkeeping system, which keeps transactions in a general journal and a general ledger.

Journal Entries A journal entry is used to record an accounting transaction in the general ledger. Workday Finance replaced Financial Edge as our general ledger system effective January 1, 2024.