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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