What is Journal entry?
The WP-ERP Accounting system has been designed to be most easy for people with minimal or no knowledge about 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 have been described can be done.
To create a new journal entry
- go to wp-admin → accounting → journal entry
- Click on New Entry
- Select the account.
- Add as many lines as necessary
- Add description and summary for referencing.
- Balance the debit and credit.