General Journal

The general journal is a particular book within accounting that records entries that are abnormal, recurring or a part of the monthly closing cycle. It is generally used by accountants and not bookkeepers to record these unusual entries.

Journals are similar to diaries whereby entries are in chronological order. Smaller businesses will solely use the general journal to record all entries (a business with less than $50,000 per year in sales).

Follow by Email
LinkedIn
Share