How to Make Adjusting Journal Entries in QuickBooks Online (2026 Guide)
Learn how to make adjusting journal entries in QuickBooks Online with this complete 2026 guide. Need expert help? Call 1-888-284-8863 for QuickBooks assistance.Â
Learn how to make adjusting journal entries in QuickBooks Online with this complete 2026 guide. Need expert help? Call 1-888-284-8863 for QuickBooks assistance.Â
Keeping your financial records accurate is essential for every business. If your accountant asks you to record year-end adjustments, accrued expenses, depreciation, or correcting entries, you'll need to know how to make adjusting journal entries in QuickBooks Online.
In this complete 2026 Guide, you'll learn when adjusting entries are needed, how to create them correctly, common mistakes to avoid, and best practices recommended by accounting professionals.
Learn how to make adjusting journal entries in QuickBooks Online in 2026. Step-by-step guide, common mistakes, FAQs, and expert help at 1-888-284-8863.
Adjusting Journal Entries are accounting entries made at the end of an accounting period to ensure your financial statements accurately reflect your business activity.
They are commonly used for:
Accrued expenses
Accrued revenue
Depreciation
Amortization
Correcting accounting mistakes
Prepaid expenses
Inventory adjustments
Most businesses create these entries monthly, quarterly, or at year-end under the guidance of an accountant.
For assistance with adjusting entries, call 1-888-284-8863.
You may need adjusting entries when:
Financial statements don't match actual balances.
An expense belongs to another accounting period.
Revenue hasn't been recorded correctly.
Fixed assets require depreciation.
Payroll accruals need updating.
Loan interest must be recorded.
Inventory corrections are necessary.
If you're unsure whether an adjustment is appropriate, consult your accountant or call 1-888-284-8863.
Follow these simple steps:
Log in using your administrator account.
For login issues, call 1-888-284-8863.
Select:
+ New → Journal Entry
This opens the journal entry window.
Select the accounting period for which you're making the adjustment.
Always verify the date before saving.
Choose the accounts affected.
Remember:
Total Debits = Total Credits
If they don't balance, QuickBooks won't allow you to save.
Include details such as:
Accountant adjustment
Year-end adjustment
Depreciation entry
Accrued payroll
Inventory correction
This helps maintain a clear audit trail.
Click:
Save and Close
or
Save and New
Your adjustment is now recorded.
Need help reviewing your entries? Contact 1-888-284-8863.
Here are some common adjustments:
Depreciation Expense
Accrued Interest
Payroll Accrual
Loan Interest
Inventory Adjustment
Prepaid Insurance
Bad Debt Expense
Rent Adjustment
Accrued Utilities
Amortization
If you're uncertain about the correct accounts, call 1-888-284-8863.
Avoid these errors when creating journal entries:
Recording duplicate entries
Using the wrong accounting period
Selecting incorrect accounts
Forgetting supporting documentation
Posting without accountant approval
Creating unbalanced entries
Editing reconciled transactions
If you've already made an incorrect adjustment, expert assistance is available at 1-888-284-8863.
Follow these accounting best practices:
Review financial statements before adjusting.
Work with your accountant.
Back up important financial data.
Add clear memos for every adjustment.
Verify debit and credit totals.
Reconcile accounts after posting.
Review the General Ledger regularly.
Need guidance? Reach out to 1-888-284-8863 for support.
This guide also covers topics related to:
Adjusting Journal Entries in QuickBooks Online
Create Journal Entries in QuickBooks Online
QuickBooks Online Accounting
Record Journal Entries in QuickBooks Online
QuickBooks Online General Ledger
These related keywords help users understand the broader accounting workflow within QuickBooks Online.
Proper adjusting entries help ensure:
Accurate Profit & Loss reports
Reliable Balance Sheets
Correct tax reporting
Better business decisions
Cleaner year-end books
Compliance with accounting standards
Incorrect journal entries can lead to inaccurate financial statements, so it's important to review each adjustment carefully. If you need help troubleshooting or verifying an entry, contact 1-888-284-8863.
Learning how to make adjusting journal entries in QuickBooks Online is an essential accounting skill for maintaining accurate financial records. By following the correct steps, balancing debits and credits, and documenting every adjustment, you can keep your books organized and ready for reporting or tax preparation.
If you encounter errors, have questions about specific accounts, or need help with QuickBooks Online, you can contact knowledgeable support at 1-888-284-8863 for assistance.
An adjusting journal entry updates account balances to ensure financial statements accurately reflect business activity for a specific accounting period.
Yes, if the accounting period is still open and you have the necessary permissions. Be cautious when editing reconciled transactions.
Adjusting entries are typically prepared by accountants or bookkeepers, especially for year-end or tax-related adjustments.
QuickBooks Online requires total debits and credits to be equal before the journal entry can be saved.
If you need assistance creating, reviewing, or correcting journal entries, you can contact QuickBooks support at 1-888-284-8863.