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Manual Journal

Use manual journals to record money movements in accounts that cannot be captured through regular business transactions.

Updated this week

Q1. How can I add GST/VAT to a manual journal?

  • You can control if the journal will have tax using the "GST/VAT Settings" -

    • No GST/VAT - The "Tax Profile" field will be hidden in the journal entry lines.

    • Included in Amount - Tax will be factored into your journal line entry amount, and you can choose a tax profile in the journal entry line for calculation.

    • Excluded in Amount - Tax will not be included in the journal line entry amount but will be applied separately. You can choose a tax profile for calculation.

Q2. Which accounts do not have tax profiles applicable?

  • Bank Accounts

  • Cash

  • Current Assets

  • Shareholders Equity

  • Operating Expense

  • Current Liabilities

Q3. Will the internal notes added in a manual journal reflect on the journal PDF?

  • You can add some internal notes to your journal. These notes will be printed on the journal PDF.

Q4. Is there a limit to how many journal entry lines I can add to a journal?

  • No, there is no limit to the number of journal entry lines you can add.

Q5. What is the minimum number of journal entry lines required to create a journal?

  • A minimum of 2 journal entry lines are required to create a journal with equal debit & credit amounts.

  • In Jaz, you cannot delete the journal entry lines when only 2 are remaining.

Q6. What are the different types of Journals in Jaz?

  • Manual Journals - A journal record of non-payment accounts.

  • Cash Journals - A journal record with at least 1 pay account.

  • Transfer Journals - A Transfer Trial Balance journal record. Refer to Transfer Trial Balance for more information.

Q7. What is the life cycle of a Manual Journal in Jaz?

  • The following life cycle applies to -

    • Manual Journal

    • Cash Journal

Status

Happens when

Impact on Financial Statements

Applies to Journal Type

Draft

  • All the required information is added & saved, but it needs to be reviewed once before turning to active.

  • Not recorded in the ledger.

  • Manual Journals

  • Cash Journals

Recorded

  • The draft journal is converted to active.

  • Recorded in the ledger.

  • Manual Journals

  • Cash Journals

  • Transfer Journals

  • Bank Adjustments

  • Bank Reconciliations

Voided

  • The active journal is voided

  • The record from the ledger is deleted.

  • Manual Journals

  • Cash Journals

  • Transfer Journals

  • Bank Adjustments

  • Bank Reconciliations

Q8. Can I create a journal in non-base currency?

  • No, a journal entry will always be created in the organization's base currency.

  • This is true across all types of journal entries.

Q9. How can I set an exchange rate for a non-base payment account used in a journal?

  • Click on the debit/credit cell of the journal line to open the "Convert Amount" modal.

  • Enter the debit/credit amount in the non-base payment currency.

  • An exchange rate if set at the organization level is present will be fetched used OR the current rate from ECB will be fetched. Link to custom rates article

    • You can update the rate if required.

  • Jaz will automatically convert the debit/credit amount into the organization's base currency using the exchange rate.

Q10. How can I download the journal voucher?

  • Open the journal details modal and click on the PDF icon to download the journal voucher.

Q11. Is any audit information captured for journals? If yes, what is captured?

  • Yes, Jaz captures the following audit fields:

    • Created By - shows the author of the journal

    • Last Updated By - shows the user who last updated the journal entry

Q12. Can I bulk import journals in Jaz?

  • Yes, bulk importing journals is easy. For more information, refer to: Import Journals

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