Yes, irrespective of the journal currency you can control if the journal will have tax using the "VAT Settings" -
No VAT - The "Tax Profile" field will be hidden in the journal entry lines.
Included in Amount - Tax will be factored into your journal line entry amount, and you can choose a tax profile in the journal entry line for calculation.
Excluded in Amount - Tax will not be included in the journal line entry amount but will be applied separately. You can choose a tax profile for calculation.
Bank Accounts
Cash
Current Assets
Shareholders Equity
Operating Expense
Current Liabilities
You can add some internal notes to your journal. These notes will be printed on the journal PDF.
No, there is no limit to the number of journal entry lines you can add.
A minimum of 2 journal entry lines are required to create a journal with equal debit & credit amounts.
In Juan, you cannot delete the journal entry lines when only 2 are remaining.
You can arrange (sort) your journal entries by:
Account Code: Smallest to Largest or Largest to Smallest.
Debits/Credits: Smallest to Largest or Largest to Smallest.
Note: This also applies to Scheduled Journals.
Manual Journals - A journal record of non-payment accounts.
Cash Journals - A journal record with at least 1 journal entry line having a bank account
Transfer Journals - A Transfer Trial Balance journal record. Refer to Transfer Trial Balance for more information.
The following life cycle applies to
Manual Journal
Cash Journal
Click on the debit/credit cell of the journal line to open the "Convert Amount" modal.
Enter the debit/credit amount in the non-base payment currency.
An exchange rate if set at the organization level is present will be fetched used OR the current rate from ECB will be fetched.
You can update the rate if required.
Juan will automatically convert the debit/credit amount into the organization's base currency using the exchange rate.
Open the journal details modal and click on the PDF icon to download the journal voucher.
Yes, Juan captures the following audit fields:
Created By - shows the author of the journal
Last Updated By - shows the user who last updated the journal entry
Yes, bulk importing journals is easy. For more information, refer to: Import Journals.
A cash journal is a record of cash transfers between 2 payment accounts of cash/bank account types. Hence, on Juan by default, the cash journal template is customized to make the cash journal creation easy and quick.
Yes, just select the bank account you're transferring the cash from and the bank account you're transferring it to along with the amounts in the respective bank account's currencies.
For a foreign currency bank account you can set an exchange rate otherwise Juan fetches the latest rate from 3rd party or uses any custom rate set by you at the organization level.
The transfer rate in the cash journal indicates the rate at which the cash-in and cash-out amounts are exchanged.
The rules for the FX rate conversions for cash journals are simple in Juan.
If either cash-in/cash-out amount is in the organization's base currency it is kept as-is and is used to derive the FX rate for the other amount if required.
If both cash-in & cash-out amounts are in non-base currency, Juan fetches the FX rate for the cash-out amount and converts it to base currency which is then used to derive the FX rate for the cash-in amount and used to convert to the base currency.
Once you have saved the cash transfer journal, open the journal record and find the FX icon against the amounts in the debits/credits column to get the used rates.
Yes! You can still use any account from your chart of accounts list to create a journal entry.
Yes! A journal entry can be created in a non-base currency as well.
Click on the currency displayed in the Debit/Credit column headers to update the currency & set the exchange rate if required.
By default, Juan uses an exchange rate set at the organization level. If there is none, a third-party rate is applied. You can adjust the rate by clicking the pencil icon.
In a non-base journal, you can only select bank accounts that match the journal's currency. This is because, Juan converts the non-base journal amounts to base currency using the exchange rate set at the journal level.
Hence, Juan restricts selection of the accounts which do not match the Journal currency.
If you would like to create a journal with multi-currency bank accounts, please set the journal currency to the base currency or use of "Cash Transfer" journals.
System Generate Accounts are not available in a non-base journals.
If you wish to create entries in these accounts you can create a journal in base currency.
To find the exchange rate for a Journal with non-base currency:
Hover on the currency ISO to show the exchange rate used for the journal, relative to the base currency.
The exchange rate information will show the amount in the base currency, alongside the exchange rate information used.
Head over to Journals > New Journal > Click the gear icon in the Journal Reference field.
The default format is J-{counter} (e.g., J-01, J-02, J-03, etc.). It does not include any date elements.
Note: Auto-generated journal references are only for manual journals.
Yes, you can configure the prefix, separator, series start, and offset to suit your needs.
