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 |
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Recorded |
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Voided |
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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