Deskera Books

Online Accounting Software for Your
Journal Entry Transactions

Automate the process of Journal entry creation and save time with Deskera Books. The double-entry record will be auto-populated for each sale and purchase business transaction in debit and credit terms.

Automate Your Journal Entries

Manual journal entry recording is time-consuming and tedious in any accounting software. With Deskera Books, you can automate your journal entry posting with just a few clicks.
Any and all business transactions will automatically populate the journal entry record in the system. And you can create recurring journal entries too!

Easily Create Compound Journal Entries

Deskera Books, allows you can create a compound journal entry that has multiple credit and debit accounts. This gives you the ability to post the journal entries that you and your company need.

Keep the Books Balanced

With the auto-posting of your journal entries, the only way your books do not balance is because of the openings. You can see the Trial Balance report and, at a glance, see if the openings are correct.

Know your Inventory Amount

With perpetual inventory, when any goods are received, delivered, or quantity is adjusted, the system creates a journal entry. Updating your inventory, stock adjustment, and cost of goods sold account in realtime.

Purchase and Sales Accounts That Refect Your Business

You can assign different sales and purchase accounts to different customer. This allows you to group the customers the way you would like.
The Journal entries will post based on the different accounts. You can then see the Profit and Loss report broken down into these accounts. Giving you better visibility on what is going on.

Easily Setup Your Recurring Journal Entry

With Deskera Books, it is simple to set a recurring journal entry in just one click.
You can then select the interval, first document date, ending date, or never ends. Saving you time, effort, and guaranteeing the journal entry will be created for that period.

Create Debit and Credit Notes with Multiple Accounts

No longer do you have to create one credit or debit note with one chart of account.
In your Debit or Credit Note, you can now select multiple charts of accounts, save, and automatically creating a compound journal entry. Automatic creation of a compound journal entry helps you save time and effort.

Effortless Multi-Currency Bank Transfer

Just select the From Bank and To Bank, transfer type, reference number, adjust the currency exchange rate, input the amount, and save. The system creates a journal entry automatically. It is that simple.

Create Journal Entries That Balance

Creating journal entries have one thing they all have in common.
The debit amount must balance with the credit amount. If the journal entry does not balance, the system will stop you from saving.
Deskera Books makes sure that the accidental unbalanced journal entries are not created.

Even More Journal Entry Features That Make Your Life Easier

✓ Create and schedule recurring journal entries
✓ Create, edit and delete compound journal entries
✓ Create, edit and delete simple journal entries
✓ Group your contacts using different purchase and sales accounts
✓ Group your products using different cost of goods sold and inventory accounts
✓ Export Journal Entries
✓ Realtime Profit & Loss
✓ Realtime Balance Sheet and Trial Balance
✓ Realtime General Ledger

Improve Your Productivity

You can save 200+ hours annually by switching to Deskera. Sign up today to see the difference.

FAQs

What is a journal entry?

Records of any transaction that occurs in business operations. Transaction records are then classified into different accounts based on the accounting standard.
Click on the link below for more information on what is a journal entry in accounting, why is it important, and how to record it.
https://www.deskera.com/blog/journal-entry/

Where can I find my journal entries in Deskera Books?

Go to the Accounting overview tab and click Journal Entry. You will then be able to create and see all the journal entries.

How are journal entries used?

Journal entries to populate the data for Profit and Loss, Balance Sheet, Trial Balance, General Ledger, Cash Flow Statement, and other Financial reports.

Can I create manual journal entries?

Yes you can create manual journal entries. They can be simple or compound journal entries.
Click on the link below for more information on creating journal entries in Deskera Books.
https://www.deskera.com/care/create-journal-entry-deskera-books/

Can I create unbalanced journal entries?

You can not create unbalanced journal entries in the system. This is a good thing as unbalanced journal entries can cause your balance sheet to become unbalanced.

Can different customers and vendors/suppliers have different sales and purchase accounts?

Yes each customer and vendor can select a different sales and purchase account.

What is a simple journal entries?

A simple journal entry is where you have a journal entry with one credit and one debit account with the same amount.

Can I export journal entries?

Yes, you can export journal entries, giving you the ability to slice and dice your information the way you want. External auditors may have a program that will analyze journal entries to check for any outliers. Exporting the journal entries will make it easier to run there program.
Click on the link below on how to export journal entries in Deskera Books.
https://www.deskera.com/care/export-journal-entries/

Is Accounts Payable a credit or debit?

Accounts Payable can have journal entries that have amounts on the credit or debit side. It is a liability account, so it should only have a zero or credit balance. The credit balance is how much you own your vendor/supplier.
Click on the link below on more information on accounts payable.
https://www.deskera.com/blog/accounts-payable/