You may encounter situations in which accounting transactions are entered incorrectly into the accounting system. In such cases, you will need to make changes to the original transactions. You can quickly accomplish this in your Quickbooks accounting software by using journal entry. The journal entry in Quickbooks is used to modify or correct transactions and post entries. For example, change in profit or loss. The journal entry procedure is straightforward and straightforward. It is critical to note that you will only be able to create a journal entry for one customer or vendor at a time. If you want to correct the balances of multiple customers or vendors. Then you'll have to make separate posts.
So, before you learn how to do this, you should first understand How to Find Journal Entries in Quickbooks.