Journals are important documents that are part of the business’ operations in the accounting process. All companies are required to keep a clear set of journal entry recording all input and output of financial transactions of the business operations.
A simple journal will record every cent flowing into the business in and out of the business through its credit and debit columns. These columns of information are later transferred into the corresponding financial statements to reflect the overall standing of the company’s financial capacity.
A journal template is very useful in helping the accounts clerk keep track of the transactions of the company in a simple debit or credit column. A brief description of the transaction and the reference for each transaction can be made with a recording of the transaction date. The template can be used again and again for different financial terms or months depending on the company’s accounting policies.
A journal template has the following information:
* Company’s Name & Address
* Financial Year of Company
* Date of Journal
* Item Number
* Description of item
The journal template is very simple to use for anyone who has some basic accounting knowledge. Entries made can be stored and retrieved securely and quickly. Many entries can be made depending on the available disk space.
You can compare the previous journal entries to track the performance of the company when copies are electronically stored.
Consider the attached sample template for your convenience.