Use export options for journal entries
- SelectFile,Export, thenJournal Entries.
- SelectOptions.
- Choose aBasis:
- Accrual: recognizes revenue when it's earned and expenses when incurred. Revenue is recognized when the invoice is generated.Accounts Receivableis debited and a revenue account is credited.
- Cash: doesn’t recognize revenue until cash is received. The accounting firm records revenue when they receive cash from the client. Cash is debited and a revenue account is credited.noteIf you selectCash, you won't be able to selectAccounts Receivable,Credit Memos, orWrite Offsfrom theBase net Progress Bills onfield.
- ForBase billed Time & Expenses onandBase net Progress Bills on, choose one of the following:
- Activities: to use theGL account numberassigned to the activity on theActivities setupscreen.
- Engagements: to use theGL account numberassigned to the engagement on theEngagement Templates setupscreen.
- Summarize: to override theGL account number. Enter theGL account numberin the additional field.
- ForBase Taxes on, choose one of the following:
- Taxing Authorities: to use theGL account numberassigned to the activity on theTaxing Authorities setupscreen
- Summarize: to replace theGL account number. Enter theGL account numberin the additional field.
- In the GL Account Assignments section, enter aGL account numberto use for each of the following:
- Receipts:
- Accrual method: All receipts entered, lessNon-sufficient FundsandCredit Card Returns.
- Cash method: All receipts that have been applied, lessNon-sufficient Funds.
- Accounts Receivable:
- Accrual method: Debits for period - credits for period.
- Cash method: N/A.
- Service Charges:
- Accrual method: Total of all service charges posted.
- Cash method: Total of payments applied to service charges.
- Credit Memos:
- Accrual method: Total of all credit memos entered.
- Cash method: N/A.
- Debit Memos:
- Accrual method: Total of all debit memos entered.
- Cash method: Total of payments applied to debit memos.
- Write Offs:
- Accrual method: Total of all write-offs entered.
- Cash method: N/A.noteIf you don't enter aGL account number, an amount will still be calculated, butunspecifiedwill appear in theAccountcolumn in theExport Journal Entriesscreen.
