Journal Types

There exist four types of journals.

The Miscellaneous Operations journals, for which all transaction types are allowed.

The Purchasing journals, in which the customers invoices are entered and the Sales journals, in which the suppliers invoices are entered. The manual entry procedure is simplified.

For these two types of journals, it is necessary to predefine the codes of the discount received account (for the purchasing journal) and the discount given account (for the sales journal).

The financial journals, in which the payments by customers or payment to suppliers are processed. Each financial journal usually corresponds to a particular bank account.

For a transaction entry, a counterpart account is automatically identified at the journal level (and it is unnecessary to indicate it).

In the panel associated to this type of journal, one has to enter the code of the counterpart account (and possibly the transactions forced direction). It is worth noting that for the journal of customer payments, all the transactions have to be of “credit” type.