How to Create a Journal Account

Introduction #

Journal accounts are essential for recording all financial transactions in the general ledger. This article provides a step-by-step guide on how to create and manage journal entries in the Cosmic ERP Accounting module.

Prerequisites #

There are no specific prerequisites required to create a journal account.

Steps to Create a Journal Account #

1. Login to Cosmic ERP
   • Enter your credentials and click on the login button.
2. Navigate to Accounting System
   • Once logged in, locate and click on the Accounting System from the main menu.
3. Access Double Entry
   • In the Accounting System, find and click on the ‘Double Entry’ option.
4. Select Journal Account
   • Click on the ‘Journal Account’ option within the Double Entry section.
5. Create a New Journal Entry
   • Click on the create button to initiate the creation of a new journal entry.
6. Enter Journal Entry Details
   • Transaction Date: Select the date of the transaction from the calendar.
   • Reference: Enter a reference number or description for the journal entry.
   • Account: Select the account from the dropdown menu.
   • Debit: Enter the debit amount for the selected account.
7. Add Additional Accounts
   • Add Account: Click on the ‘add account’ button to include another account in the journal entry.
   • Account: Select the additional account from the dropdown menu.
   • Credit: Enter the credit amount for the additional account.
8. Create Journal Entry
   • Once all information is entered, click on the ‘create’ button to finalize and save the journal entry details.

Conclusion #

Creating a journal account in the Cosmic ERP Accounting module is a straightforward process that ensures all financial transactions are accurately recorded. Following these steps will help you maintain clear and precise financial records.