Adjusting Journal Entries are made to:
Correct a posting error. For example, an office expense was posted to an incorrect expense account and the user needs to correct this
Enter the balance forward from the Trial Balance when first setting up Brief Accounting
Post the year-end adjustments such as depreciation expense
To enter an AJE:
Select the General Ledger module > AJE tab
Click the New icon
Fil in the Date, Reference, the GL Accounts and amounts that will be debited and credited.
Click Post when complete.
To enter an adjusting entry:
Go to the General Ledger module > A.J.E tab and click New
Fill in the Date, Reference, GL numbers and Amounts as applicable
Click Post when complete - dialog boxes will prompt you to post the A.J.E.