![]() ![]() To reallocate accruals and reversing accruals of prepaid income or expenses.To enter bank or credit card fees or interest.To adjust tax payable for interest, discounts, or penalties.There are many reasons you may need to make adjusting journal entries in QuickBooks Online, as discussed in the below-given list: Why Do I Need to Record Adjusting Journal Entries in QuickBooks Online? In this post, we will discuss how to make adjusting journal entries in QB Online and how to view them. Also, if a transaction should have been split into two different general ledger account, you will need to change your original transaction. ![]() However, accounting transactions can get entered into an accounting system, and in this situation, you may need to make adjusting journal entries in QuickBooks Online. QuickBooks is popular accounting software that enables its users to record and view their financial transactions.
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