Chart of accounts & journals
This page covers the accounts and journals that hold your books in EVERJUST Accounting.
The chart of accounts
The chart of accounts lists every account you post to. Open Accounting and go to the chart to see them. Each account has a code, a name, and a type. The type tells EVERJUST what the account is for: receivable, payable, bank, income, expense, equity, or current assets and liabilities. Types drive the reports, so set them correctly. You can add accounts, rename them, or change codes to match how your business tracks money.
Journals
A journal groups entries of one kind. EVERJUST ships four you will use most.
- Sales records customer invoices.
- Purchase records vendor bills.
- Bank records money moving through a bank account.
- Cash records cash on hand.
Each bank and cash journal points at one account in the chart. Each sales and purchase journal sets its own number sequence.
Opening balances
When you start on EVERJUST, enter your opening balances. Post a journal entry that sets each account to its current value from your old books. Debits must equal credits. Date the entry to your start date.
Posting entries
Most entries come from invoices, bills, and payments. To record something by hand, create a journal entry, add the debit and credit lines, check that they balance, and click Post. A posted entry locks and appears in your reports.
Related
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