Journal Entry Settings

Why Automatic Journals Matter

• Ensures complete financial records

  
  

• Maintains accurate books

  
  

• Saves accounting time

  
  

• Reduces manual errors
  
  
  

  

Account Mapping Importance

Bank Payouts

Records actual money movement:

• Tracks incoming payments
  
  

• Reconciles with bank statements
  
  

• Monitors cash flow

Processing Fees

Tracks platform costs:

• Separates fees from revenue
  
  

• Accurate expense recording
  
  

• Proper cost analysis

Refunds

Manages customer returns:

• Proper credit note generation
  
  

• Accurate customer balances
  
  

• Clear return tracking