Journal Entry

A journal entry is a record of a financial transaction entered into an accounting system.

Accounting and Finance

What is a Journal Entry?

A journal entry is a record of a financial transaction entered into an accounting system. It is the primary method used to capture and track the financial activities of a business or organization. Journal entries are typically recorded chronologically and provide a detailed account of each transaction's impact on the organization's accounts.

With Journal Generator by Zone, finance and accounting teams can automatically create journal entries in NetSuite based on saved searches, and reduce time and costs associated with month-end and period-end accounting.

Recommended terms

Account Reconciliation

Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

Accounts Payable

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounts Payable Days

Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

Recommended resources

No items found.