More or less all accounting systems contain a General Journal function, which allows for direct entry of accounting transactions without concern for user interface restrictions.
Accounting systems work on a double entry basis, where;
- Every transaction must affect at least two accounts, and
- Total debits in a transaction will always equal total credits (balanced transaction).
The Bulk Journal feature in Ardex Premier makes this process much more efficient.
Because Debits and Credits recorded in a bulk journal must balance (total debits = total credits), a basic understanding of accounting principles is strongly recommended.
In Ardex, Bulk journals are commonly used for a variety of purposes including recording wages, distribute Prizemoney, Petty Cash and other complex transactions where many accounts are affected in the one transaction.
For further information on Bulk Journals, consult the Ardex Premier User Guide - Bulk Journals in Ardex.