Exercise - Create and post a journal entry
This exercise is written to use the Cronus sample company from the US version of Business Central. You might need to make adjustments to the steps if you use the sample company from your country or region.
Scenario
As the accounting manager at CRONUS, you need to create and post a debit journal entry that is divided between the Sales and Administration departments. The credit entry must not be separated by department. Use the following criteria to complete this journal entry:
DEFAULT general journal batch
Posting date April 8, 2019
Debit to G/L account 61400
100.00 LCY to the Sales Department
60.00 LCY to the Administration Department
Credit to G/L account 10300
After you post the entries, review them in the G/L register.
Tasks
- Enter and post the general journal
- Review the entries in the G/L register
Enter and post the general journal
Select the Search for Page icon in the top-right corner of the page, enter general journals, and then select the related link.
In the Batch Name field, select the DEFAULT general journal batch.
Select Page and then Show More Columns.
Delete existing lines if there are any.
In the Posting Date field, enter 04/08/2019.
In the Document No. field, enter G01.
In the Account Type field, select the drop-down list and select G/L Account.
In the Account No. field, enter 61400.
Remove the values from the Gen. Posting Type, Gen. Bus. Posting Group, and Gen. Prod. Posting Group fields.
In the Amount field, enter 100.00.
Select Line and then Dimensions.
In the Dimension Code field, enter DEPARTMENT.
In the Dimension Value Code field, enter SALES.
Select Close.
Move to the next general journal line.
In the Posting Date field, enter 04/08/2019.
Do not change the Document No. field.
In the Account Type field, select the drop-down list and then select G/L Account.
In the Account No. field, enter 61400.
Remove the values from the Gen. Posting Type, Gen. Bus. Posting Group, and Gen. Prod. Posting Group fields.
In the Amount field, enter 60.00.
Select Line and then Dimensions.
In the Dimension Code field, enter DEPARTMENT.
In the Dimension Value Code field, enter ADM.
Select Close.
Move to the next general journal line.
In the Posting Date field, enter 04/08/2019.
Do not change the Document No. field.
In the Account Type field, select the drop-down list and select G/L Account.
In the Account No. field, enter 10300.
In the Amount field, enter -160.00.
Verify that the Total Balance is zero.
Select Post/Print and then Post.
Select Yes to post the journal lines.
Close the General Journals page.
Review the entries in the G/L register
Select the Search for Page icon in the top-right corner of the page, enter G/L registers, and then select the related link.
Select the relevant line.
Select Process and then General Ledger.
Review the general ledger entries.
Close the General Ledger Entries page.
Close the G/L Registers page.