Creating a Journal Entry

Journal entries are usually used for finalization of accounts.

To pass a Journal Voucher,

Go to Gateway of Tally > Accounting Vouchers

For example, there may be entries made for interest accrued or interest due. If you have to receive Interest from a party, the same can be entered using Journal Voucher.

  1. Debit the Party

  2. Credit the Interest Receivable Account

The Journal entry is displayed as shown:

Special Keys for Voucher Narration Field: