The manual journal
Most accounting platforms are composed of a general ledger (G/L) and journals that post to the G/L. Those journals are usually sales journals, purchase journals, and so on, and the entries into these journals (and subsequently, the G/L) are created from transactions in the system, such as invoices or accounts payable bills or purchases. Well, sometimes you need to post an entry to the G/L to correct or record something that you could not do with a system transaction, and that is where the manual journal comes into play in Xero.
Xero has a regular/standard manual journal where you can either set up a one-time entry or a repeating entry that can be created at given intervals. We will jump into the specifics shortly.
Xero’s rules for creating manual journals
Xero has set up several parameters around the manual journal to maintain the integrity of the underlying data. Too many times, you see all entries posted via journal entries, and no system entries...
