Journals
Last update:CCH Trust Accounts
Journals and other data
This document provides a step-by-step guide on how to enter journals in a data entry system. It explains the process of adding single and multiple rows to a journal, detailing the necessary fields such as Debit a/c and Credit a/c. Users are instructed to manage their entries until the unallocated amount reaches zero before posting the journal. Additional tips include how to use nominal codes and handle credit amounts as negatives. The guide concludes with options for further entries or returning to the data entry screen.
CCH Trust Accounts
Journal Types
The document details the use of journal types in transaction analysis, data entry, and tax classification. Journal types, designated by letters A to T (plus U and V, which are system-defined), help categorize entries as related to UK tax, foreign tax, or neither, despite being unnamed with "journals." Key fields include a description, tax relation, and a default nominal account for non-tax types. It outlines four primary purposes of journal types, emphasizing their role in generating reports and enhancing data entry efficiency, while most users typically configure three types for tax purposes.