Before we go into How to Delete Journal Entry in Quickbook Desktop, let's define what a journal entry is in the QuickBooks application. In simple words, a journal entry is a record of a transaction in which the total debit line value equals the total credit line amount. On the table of accounts, each amount (Credit and Debit) is assigned to a specific account. The following transactions are recorded as GENERAL in QuickBooks:

  • The company's debits and credits.
  • Transfer of funds between the income and expense accounts.
  • Money transfer from the equity, asset, or liabilities account to the income or expense account.
  • Now that you know what a QuickBooks journal entry is, let's talk about how to make a journal entry in QuickBooks Desktop.