Debtor Journal

There are times when you require to post a correcting journal against a debtor account. A common example would be to write off a small amount due to rounding difference or exchange rate difference. You might have a number of transaction lines against the debtor which can be considered 'settled'. Since you can't issue a receipt against it, the alternative way is to use Debtor Journal Program.

From the program, you can post balancing or correcting figures against the debtor and it will update both Debtor Subledger as well as the General Ledger. This ensures that your GL and Subledger remains in balance.