Advice for Journal Entries

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    Topic
  • #157958
    financeguy
    Participant

    I’m not the best w/ JE’s. I just looking for any kind of advice, tips, generalities, etc to help me become more of an expert w/ the JE’s. Any knowledge you have at all will be appreciated. Thanks

    AUD - 81, BEC - 74, 80, FAR - 82, REG - 81
    Done!

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  • #231214
    potatogun
    Participant

    When you say you aren't the best do you mean you aren't familiar with what the general balances of accounts are (normally a debit or credit)? If so that is pretty key to building on that knowledge at all.

    Also try and think about transactions that are common such as sales, purchasing inventory, bad debt, etc. and understand the basic generic entries.

    If you have a specific example in mind that might be easier to breakdown and explain.

    FAR 92 - AUD 91 - REG 94 - BEC 86

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