Journal adjustments are made to add more meaning to the reporting of the results for the year by the system. Typical examples of journals would be;
1. To spread the cost of a one off invoice/payment of the period it covers, eg rent or insurance 2. To account for costs incurred in a period which are yet to be invoice
The journals screen is where you go to access previous journals or to create a new journal posting.
1. Manual journals are one off journals 2. Repeating journals repeat for a set period of time or frequency 3. Journals can be imported using a CSV file (not recommended) 4. All journals are every journal that has been entered even if they are draft, been posted or voided 5. Draft journals are journals that have been saved but are not posted 6. Posted journals are journals which have been posted in Xero 7. Voided journals are journals which have been posted but subsequently voided 8. Repeating journals are recurring journals which will be posted automatically 9. Archived journals are journals which are no longer posted in Xero
All the journals can be accessed to be reviewed or edited which is covered in section D.
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