Ainsworth Accountants

Bookkeeping and Accounting Services ............ 0845 250 0515

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Journals
 
A Journal (aka General Journal) is an accounting adjustment which can been done for many reasons.
 
The Journal is the Accountants 'fix all' - the most versatile tool in the tool box.
 
Every single accounting transaction could be processed by a Journal - but it's not recommended.
 
So Accountants use Journals mainly to fix errors and process particularly difficult transactions.
 
Journals are an effective way of processing Accruals and Prepayments and Depreciation.