Adding a new account to the Trial Balance by Journal Entry

If the account you need to adjust is not listed in the client trial balance, you can easily add a new account during the Journal Entry process, as per the below instructions:

1. Complete steps 1 through to 6 of Processing a Journal topic above;

2. In the dropdown box select the Create New Account option;
   

3. Type in an account number for the new account;
   

4. Provide the new account with an appropriate description;
   

5. Select the account type from the drop down menu;
   

6. Next, assign the new account to a lead schedule;
   

7. Continue filling out the remaining fields as you would to process a normal Adjusting journal;

8. Your new account and adjustment have now been completed.

TIP: If you do not know the clients account number required, use a unique account number to avoid duplication with the client's accounts (e.g. AUDIT1)