On the other hand, QuickBooks Online requires a monthly subscription.

Monthly Fee – Pro Desktop 2015 is a one-time payment or you can get Pro Plus for an annual payment.Desktop requires the purchase of the software up front. Initial Fee – Online offers a free 30-day trial so there is no initial fee to try it.The differences in the two versions of QuickBooks are evident when accessing the software, creating reports, processing invoices and more. While there is no single answer to these questions, understanding the differences between the desktop and online versions can help people choose the one that is right for them and their businesses. people who have been using QuickBooks Desktop since the 1990s) wonder if they should switch while individuals who are new to QuickBooks are often unsure which version they should choose. Click Save & Close to save the journal entry and close the window, or click Save & New to save the journal entry and open a new window.Ever since the online version of the popular QuickBooks was introduced in 2000, business owners have grappled with one question: Which version is right for me?Įarly adopters (i.e.Your total in the Debit column should equal the total in the Credit column, and the journal entry will then be properly balanced.

Repeat Steps 4 through 6 until the entries completely offset each other and the transaction reaches a zero balance.

It will be displayed on reports that include this journal entry. This step is optional, but it's recommended so that you'll remember later why the entry was made.

Enter a descriptive memo in the Memo Column.

The debits and credits must be equal to make the entry balanced and allow QuickBooks to post the entry.

Enter the debit or credit amount for the account you've selected into the Debit or Credit columns.

Enter the general ledger account number In the Account column. You can also select the first account from a drop-down menu in the Account column.

field. QuickBooks will automatically number subsequent journal entries sequentially.

Enter a number for your journal entry in the Entry No.

Change the Date field, if necessary, in the Make General Journal Entries window. QuickBooks will default to the current date so if you want to post an entry for a previous month or year, be sure to change it so that your entry gets recorded in the proper financial time period.Go to Company > Make General Journal Entries from the menu at the top of the screen.

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