Discuss with Accounting Professionals for information and guidance. If you are still unsure about which account requires the Debit and Credit side of the transaction, then carefully follow the instructions below. How to Delete Journal Entry in Quickbook Online, follow the steps outlined below.

  • Select the ‘Plus icon' at the top and then the Journal Entry option.
  • Now In the Journal Date Field, enter the Transaction Date.
  • In the report, include the transaction's Journal Number so that you can identify it. (Optional)
  • Completing the first distribution line
    • Accounts are the accounts listed in the Chart of Accounts.
    • Journal Code (Only for France) – Fill in the Journal Code for the account. It is critical to include a New Journal Code. You must use the same Journal Code for the transaction for both debit and credit accounts.
    • Debits or Credits – Debits are usually first in line. The transactions can be found in a recent transaction report. Check to see if the debit has changed as per your selection or after you have saved the transaction.
    • To view Transaction details on Reports, you must enter a description. (Optional)
    • Name – If applicable, choose a customer, vendor, or employee related to the Line.
  • If the sum of the Debit Column Entries does not equal the sum of the Credit Column Entries, fill in the Distribution Line until the total of both transactions is equal.
  • Choose to create a recurring Journal Entry Schedule. (Optional)
  • Transactions should be saved.