As per checking, the ability to apply journal entries (credits) via csv import is still an enhancement logged under Issue 216783 Setup > Import/Export > Import CSV Records > Customer Payments > Ability to map Credits sublist data. For now, we can only apply credits from journals to invoices via UI (Customer Payment). One work… Continue reading Can credits and journals also be applied using the customer payment import?
Tag: journals
How to generate automated journals when a vendor bill is created and approved
Upon creation of Bill/Bill credit records containing expense/item lines with specific tax codes, an automated journal entry needs to be generated for the notional tax amounts related to specific tax Codes. This entry will credit the purchases account and debit the expense account to the liability account. Additionally, we will need to incorporate a checkbox… Continue reading How to generate automated journals when a vendor bill is created and approved
Tracking Petty Cash
Petty cash management is essential for businesses to handle small, everyday expenses efficiently. Two common methods for tracking petty cash transactions are through journal entries and utilizing the Write Checks function. 1. Tracking Petty Cash Using Journal Entries: Establish a Petty Cash account by writing a check for the desired amount and cashing it. Make… Continue reading Tracking Petty Cash