The system can automatically create and post many accounting transactions such as the ones regarding sales and purchase invoices, for instance. There are many other transactions that end up in an accounting entry automatically created by the system. We will actually see these in this chapter: taxes, fixed assets, inventory valuation, and so on.
You will probably need to post many other accounting transactions that are not managed by the system, such as payroll accrual entries, provisions, or others. You can post all those transactions using the General Journal.
The general journal can be accessed by navigating to Departments/Financial Management/General Ledger
and clicking on General Journals.
On the general journal, you manually create the necessary transaction lines, indicating the Account No., Bal. Account No., and Amount as shown in the following screenshot. There are many other fields that could be filled in, actually, but we will start with an easy example...