Journal types are used to categorise different types of transactions into logical groups for efficient reporting. A unique identifier is assigned to each transaction recorded against a certain journal type (for example A1, where A is the journal type).
- To create a new journal type go to Settings - Accounting - Journal Types.
- To create new Journal Types enter the code you want on the Journal Types followed by a description under Description. Check the Manual Entry and Accrual box for the journal types for which you want to enable manual registration of journals and accruals.
- When you are done, click Save.
If you want to remove journal types you do not use, simply click on the recycle bin icon. Only journal types that have not been used in the application can be deleted.