Create General Journals in D365 BC:
(1) In this blog, we will see how to create and post General Journals. Use general journals to post financial transactions directly to general ledger accounts and other accounts, such as bank, customer, vendor, and employee accounts. Go to the search bar and type “General Journals”, as shown.
(2) After that, “General Journal” opens and enters the information. In the below screenshot, we entered the opening of Ledgers, Customers, Vendors and Banks, as shown.
- Example-001: Opening Of Customer
- Customer-001 debited → X Amount Dr
- Control Account credited → X Amount Cr
- Example-002: Opening Of Vendor
- Vendor-001 credited → X Amount Cr
- Control Account is debited → X Amount Dr
- Example-003: Opening Of Bank
- Bank-001 credited → X Amount Cr
- Control Account is debited → X Amount Dr
- Example-004: Opening Of Ledger
- Account-001 credited → X Amount Cr
- Control Account is debited → X Amount Dr
| Field Name | Field Description | Importance |
|---|---|---|
| Batch Name | Specifies the name of the journal batch (discussed in the “Overview of Vouchers” blog). | Mandatory |
| Posting Date | Specifies the entry’s posting date. | Mandatory |
| Document Type | Specifies the type of document that the entry on the journal line is. | Optional |
| Document No. | Specifies a document number for the journal line. | Mandatory |
| Account Type | Specifies the type of account that the entry on the journal line will be posted to. | Mandatory |
| Account No. | Specifies the account number that the entry on the journal line will be posted to. | Mandatory |
| Account Name | Specifies the account name that the entry on the journal line will be posted to. | Mandatory |
| Description | Specifies a description of the entry. | Mandatory |
| Amount | Specifies the total amount that the journal line consists of. | Mandatory |
| Bal. Account Type | Specifies the code for the balancing account type that should be used in this journal line. | Mandatory |
| Bal. Account No. | Specifies Account from the list. | Mandatory |
(3) After that go to the “Post/Print” → Post the entries shortcut Keys is F9 and press Yes, as shown.
(4) Entries posted and go to the “General Ledger Entries” and take a printout of that entry as shown.
(5) You can do any type of transaction in General Journals.
