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JOURNAL ENTRY PREPARATION DEBITS VS. CREDITS

JOURNAL ENTRY . PREPARATION . &. DEBITS VS. CREDITS . Training Objective Provide guidance for preparing JOURNAL entries Inform users of the required elements for all JOURNAL entries and specific JOURNAL entries Provide contacts who can assist with further questions JOURNAL Entries-Introduction JOURNAL Entries are a process used to enter transactions directly to the Banner Finance system. JOURNAL ENTRY transactions are processed to reclassify, allocate or correct assets, liabilities, revenue and/or expenditures between FOAPALs.

•Journal Entry transactions are processed to reclassify, allocate or correct assets, liabilities, revenue and/or expenditures between FOAPALs. •Journal entries can be as simple as processing a single transaction between two FOAPALs.

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