Journal postings allow you to enter transactions directly onto the Nominal
Ledger and are used for items that do not need posted to a Sales or Purchase
Ledger Account. If the journal includes a VAT element, for example petty
cash receipts, you must use the Cash Book Journals program instead to
ensure that all nominal VAT transactions are included in your VAT Return.
For nominal journals you post regularly, you can use the Recurring Journals
program.
1. Select Gx Nominal in the toolbar.
2. Hold the cursor over Journals on the menu.
3. Choose Standard Journals from the second menu.
4. Select the Nominal Code from the drop-down menu.
5. Enter the posting Date.
6. Enter a Comment describing this transaction. This appears in the
description column in transaction enquiries and makes it easier to identify
what transactions relate to.
7. Select Credit or Debit from the drop-down menu in the Type
column.
Refer to Debit or Credit Journal Entries? for guidance
on whether you
should enter debit (+ve) or credit (-ve).
8. Enter the transaction Value. You do not need to enter any + or - signs.
9. As outlined in the Nominal Ledger Explanation, Power-Gx operates
double-entry booking keeping so each transaction must have a debit and
credit posting. Enter the second part of the dual posting.
10. Enter any other transactions as described above. To delete any lines,
click anywhere on the line and then click the Delete button.
11. When you have entered all the transactions, the journal total displayed
on the bottom right of the screen must be zero. I.e. the value of debits
must equal the value of credits posted.
12. Click the
Update Ledger button. This posts the journal entries to the nominal
ledger and the transactions can be viewed in Nominal Transaction
Enquiry.
Click here to view the Nominal Journal Posting screen.