What is Journal entry?
The WP-ERP Accounting system has been designed to be the easiest for people with minimal or no knowledge of accounting. But accounts journal is a pro level feature. Trained accountants will be familiar with this. With this feature, every action inside the accounting system which has been described can be done.
To create a new journal entry
- go to WP Admin Dashboard → WP ERP → Accounting → Journal entry
- Click on New Entry.
- Select the account.
- Add as many lines as necessary
- Add description and summary for reference.
- Balance the debit and credit.
That's how you can add a journal entry.