RockifyERP Knowledge Base
Journal entries and adjustments
12 step-by-step RockifyERP guides on journal entries and adjustments. Choose a guide to get started.
Guides in this section
- Journal entriesA journal entry in RockifyERP records any accounting movement that doesn't have its own document, such as accruals, depreciation adjustments, bank charges or corrections.
- Journal entry templatesTemplates save the accounts for journal entries you post often, such as monthly accruals, in RockifyERP.
- Inter-company journal entriesIf you run several companies in RockifyERP, an inter-company journal entry records a transaction in both companies at once.
- Repost the accounting ledgerAfter changing an account on an item or setting, you can repost old documents in RockifyERP so their ledger entries use the corrected accounts.
- Accounting entries explainedEvery submitted transaction in RockifyERP creates general ledger entries.
- The locked ledgerRockifyERP can lock the general ledger so posted entries can never be changed, only reversed.
- Reference documents on journal entriesLink a journal entry to an invoice or order in RockifyERP so it reduces that invoice's outstanding amount.
- Discount accountingRockifyERP can post sales and purchase discounts to separate discount accounts instead of reducing income or cost directly.
- Difference entryWhen a journal entry doesn't balance by a small amount, the Difference Entry button in RockifyERP adds a balancing row for you.
- Discounts allowed and receivedTrack discounts you give customers and discounts suppliers give you in separate accounts in RockifyERP.
- Correct a submitted entryYou can't edit a submitted document in RockifyERP, but you can always correct it.
- Journal entries with many rowsFor journal entries with many lines, such as payroll accruals, RockifyERP lets you import or paste the rows.
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