Fiducia TogetherJournal entry
A manual correction or adjustment posted directly to the ledger.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
A journal posts a debit and a credit directly, outside the normal sales, purchase and bank routines — used for corrections, accruals, prepayments, depreciation and year-end adjustments.
Why it matters
Journals are where the accounts get adjusted from what happened in the bank to what the accounting standards require. They are also where mistakes get made and hidden.
What it looks like in practice
Every journal should carry a narrative explaining what it is for. Software allows one and most people leave it blank.
What to watch out for
Unexplained journals at year end. If a large adjustment appears with no narrative, ask what it is — it is a fair question and the answer is sometimes interesting.
Where to get proper advice
Your accountant. This is exactly the kind of question they answer in ten minutes and most owners never ask.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.