QuickBooks Online

Make general journal entries—how it works

In traditional accounting, a journal entry is a transaction in which:

  • There are at least two parts: a "debit" and a "credit"
  • Each debit and credit has an account from the Chart of Accounts
  • The total of the debit column equals the total of the credit column

Flexible Accounting

You don't need to understand debits and credits to use QuickBooks Online. But, because we always want you to be in control of your business finances, QuickBooks Online allows you and your accountant to enter debits and credits using a function called "Make Journal Entry." If you wish, you can use this function to:

  • Transfer money between income and expense accounts
  • Transfer money from an asset, liability, or equity account to an income or expense account
  • Make accounting entries the traditional way, entering debits and credits in a general journal or ledger