Journal Entry

What is a Journal Entry?

A journal entry is a record of a financial transaction entered into an accounting system. It is the primary method used to capture and track the financial activities of a business or organization. Journal entries are typically recorded chronologically and provide a detailed account of each transaction's impact on the organization's accounts.

With Journal Generator by Zone, finance and accounting teams can automatically create journal entries in NetSuite based on saved searches, and reduce time and costs associated with month-end and period-end accounting.

Related terms

Account Reconciliation

Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

Accounts Payable

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounts Receivable Turnover

The accounts receivable turnover ratio (or debtor turnover ratio) allows businesses to evaluate their debt collection efficiency.

Advanced Revenue Management (ARM)

Advanced Revenue Management (ARM) refers to a set of strategies and practices used by businesses to automate, streamline, and ensure accurate revenue recognition according to accounting standards.

Automated Cash Application

Automated cash application (also known as automated cash posting or automated cash matching) is a process in accounting and financial management that uses technology and algorithms to match incoming payments or cash receipts with corresponding invoices or accounts receivable entries in an organization's financial records.

Average Days Delinquent

Average day(s) delinquent (ADD) is a metric that helps determine the efficiency of a company’s debt collection efforts.