Adjustment journals

If you need to make adjustments for accounting periods that are already closed, enter them as journal entries in an adjustment journal. Your Adjustment journals list can contain as many or few adjustment journals as you need.

When you create an adjusting entry and your accounting method is configured for Accrual and Cash, the entry posts to the cash and accrual books. If you need to record a cash-only or accrual-only adjustment, create a user-defined journal. You can then record into that journal knowing that it’s the right reporting method type.

This list supports the enhanced lists interface. Learn more about using enhanced lists.

View a list of adjustment journals

Subscription

General Ledger

Regional availability

All regions

User type

Business

Employee

Warehouse
Permissions

Adjustment Journals: List and View

To view the Adjustment Journals list, go to General Ledger > Setup > Adjustment.

For multi-entity, shared companies Journals are master objects, which can be accessible to all entities or exclusive (private) to a specific entity.

Add or edit an adjustment journal

Subscription

General Ledger

Regional availability

All regions

User type Business
Permissions

Adjustment Journals: List, View, Add, Edit
  1. Go to General Ledger > Setup > Adjustment.

  2. Do one of the following:

    • To add a new journal, select Create.
    • To edit an existing journal, select More actions > Edit at the end of the row.
  3. Enter the Symbol and Title for the journal.
    • In most places, the symbol appears along with the title of the journal, for example: ADJ--Adjustment journal.
  4. Set the adjustment journal status to Active or Inactive.
  5. Select Save.
  1. Go to General Ledger > Setup > Adjustment.

  2. Add a new journal or edit an existing one.

    • To add a new journal, select Add.
    • To edit an existing journal, select Edit to the left of the journal.
  3. Enter the Symbol and Title for the journal.
    • In most places, the symbol appears along with the title of the journal, for example: ADJ--Adjustment journal.
  4. Set the adjustment journal status to Active or Inactive.
  5. Select Save.

Delete or deactivate an adjustment journal

If you no longer need a journal, you can delete or deactivate it.

  • You can delete a journal only if there are no transactions in it.

  • You cannot deactivate an adjustment journal if it contains an open journal entry or if the journal is currently selected in the configuration page of a service or application.

To delete an adjustment journal:

  1. Go to General Ledger > Setup > Adjustment.

  2. Select More actions > Delete at the end of the row.

  3. Select Delete to confirm.

  1. Go to General Ledger > Setup > Adjustment.
  2. Select Delete to the right of the journal.

To deactivate an adjustment journal:

  1. Go to General Ledger > Setup > Adjustment.
  2. Find the journal in the list.

  3. Select More actions > Edit at the end of the row.

  4. Change the Status to Inactive.
  5. Select Save.
  1. Go to General Ledger > Setup > Adjustment.
  2. Find the journal and select Edit.
  3. Change the Status to Inactive.
  4. Select Save.