Journal entries and the general ledger
Record manual entries, browse the general ledger, lock closed periods and automate repeating entries.
Record an entry
- 1Open Journal entries (Ledger menu) and click New entry.
- 2Add the debit and credit lines: the entry number is assigned automatically and the entry must balance.
- 3Save: it shows up immediately in the general ledger and the trial balance.
The General ledger details every account transaction by transaction, with a running balance. The TeeBooks Trial balance gives the full picture at any date, exportable for the year-end compilation in TeeTax.
Period locks
The Periods page locks finished months: no entry can be added or changed in a locked period, protecting your reconciliations and tax returns already filed.
Recurring entries
The Recurring tab of the Journal entries page schedules entries that repeat every period (monthly amortization, prepaid insurance): they post themselves at the chosen frequency (Plus plan).