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Hi All,
I just need your help to know the difference between general journal, Payment Journal ,Item Journal, Purchase Journal , Sales Journal.
I want to know the difference between each of these .
Kindly anyone help me to know this .
Thanks & Regards,
Karthikeyani C
Payment Journal for paying vendors
Purchase Journal rarely used accept for initial AP load but can be used for entering vendor invoices
Sales Journal rarely used accept for initial AR load but can be used for entering customer invoices
General Journal is used for accounting entries
Cash Receipts Journals can be used for customer payments.
Hi,
As well as the awesome information already provided, I wrote this blog that might be useful for you. It takes a deep dive into how the journals work.
Hope this helps.
Thanks
Gavin
Awesome.
Hi Nitin Verma,
Thank you that was so much helpful ..
Thanks & Regards ,
Karthikeyani C
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