General Ledger entries not getting to accounts
Keith Clark
keithclark at waterloosubstop.com
Fri Sep 3 16:43:57 EDT 2010
On Fri, 2010-09-03 at 16:01 -0400, Mike or Penny Novack wrote:
> >
> >Some of us (like myself) discourage use of the General Ledger for
> >general transaction entry. Personally I always enter transactions from
> >the relevant Asset (and liability) accounts.
> >
> >
> Using "autoposting" accounting software like GnuCash your ordinary
> transactions should be posted in a ledger accounts (where you then fill
> in the other accounts affected) and it gets automaticly (also) put in
> the journal (general ledger). Sort of the reverse of manual pen and ink
> on paper bookkeeping where you first enter into the journal and then
> have to "post" the entries into the ledger accounts.
>
> You wouldn't normally enter anything via the journal (general ledger)
> itself with the possible exception of certain adjusting entries (I'm not
> going to explain what these might be).
>
> Michael
Got it and thank you both. It is going very smoothly now.
Keith
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