If you are wondering what are adjusting journals and how can you benefit from them then you have landed on the right article. In this article, we will cover everything that there is to know about the Adjusting Journal Entries and how you can create an Adjusting Journal entry. If you have any question on your mind or need assistance with your QuickBooks, get in touch with us via the toll-free QuickBooks Support Phone Number +1866-656-1012.

What Is An Adjusting Journal Entry In QuickBooks?

Why Do We Need Adjusting Journal In QuickBooks?

We create adjusting journals entries for changing the balance of an existing account. In case, you came across an account which has wrong balance, you can choose to create an adjusting journal entry for fixing the balance. Not everyone has to use this entry. As we said earlier, this entry is only utilized when the balance is incorrect. If you use this entry for an account which has correct balance, it would not make any difference.

QuickBooks users mostly use the adjusting journal entry when they are imposed with a credit card fee or when they are trying to record amortization.

How To Create An Adjusting Journal Entry?

The process for creating the adjusting journal entry is very simple and easy to implement. Just follow the directions given in this article or contact the QuickBooks Experts.

  • Open your QuickBooks and log in.
  • Click on Go To Client’s QuickBooks and choose the Client’s name from the menu which opens up on your screen.
  • Now, click on the (+) sign.
  • Go to the Other Menu and click on the Journal Entry
  • You will get a prompt on your screen which will ask you to confirm whether this is an adjusting journal entry.
  • Click on the Yes button to confirm it.
  • Now, fill up the fitting information for changing the Account balance.
  • Click on the Save button when you have entered all the information to save the changes.

We highly recommend that you review you adjusted trial balance. The adjusted trial balance contains all the accounts in your business’s general ledger. Adjusted trial balance is a priceless tool for verifying that all your business accounts are correct.

How To Run The Adjusted Trial Balance?

  • Open your QuickBooks and log in.
  • Go to the left side of your screen and click on the Reports
  • Click on the search box and type in Adjusted Trial Balance.
  • Now, choose the titled “Adjusted Trial Balance” option in the search results.
  • A report will appear on your screen which will contain balances for all your business’s accounts.
  • Now, you must remember that the information available here is before you applied for the adjusting journal entry.

Follow The Steps Carefully or Contact Our ProAdvisors

Contact QuickBooks Support Team 24X7

These are the steps that are involved in creating an adjusting journal entry in QuickBooks. If the steps mentioned above did not work for you, call on the toll-free QuickBooks Tech Support Phone Number +1866-656-1012 and ask for assistance from the QuickBooks Technical Team. We can take care of all the QuickBooks Errors and issues. 247techsupportnumber is also the leading source for getting invaluable QuickBooks training.

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What Is An Adjusting Journal Entry In QuickBooks?

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