Accounting Tutorial

9. Home Books Accounting - Daily Entries

Entering Daily Transactions

Using the same screen you used for Beginning Balances, use the Find Date button.

The date you picked is searched for. If found, you are taken to the journal screen for that date. If not, found you are asked if you wish to create the journal # and date for the new date.

Recommendation 1: Use the first of the month of the new period for opening entries only. It is customary that Jan 1 is used for beginning a set of books. Therefore, use Jan 2 or after for daily entries.

Recommendation 2: For the second year of accounting use the first day of the accounting cycle month for adjusting entries.

Using Home Books in this manner you can report on yearly Income by selecting from, for example, Jan 2 to Dec 31 of the year for activity for that year.

For a new Journal entry, the Journal numbers should advance by 1 (one). Now enter a General Description of the transactions in field next to Desc. In this case it should be Setup Books.

Now TAB until you are in the first Journal Entry row. The line number should indicate 1.
Click on the Acct Desc field to choose the proper Account.
An arrow appears at the right side.

Click the arrow to get a list of account choices.

Recommendation: use the DR (debit) entry first.
Example: Cash DR $100 AND Difference CR $100

A Difference label below the grib indicated if you are in balance (zero) or if half the entry is entered the difference indicates the amount to balance the entry.

Use the TAB key to move from field to field. TAB at the end of the line will move to the next row and advance the line number by 1 (one). TIP: HOME key will move to first field and END key will move to last field on any line in the details grid part of the screen.