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Journal entries are used to enter opening balances into accounts and to transfer transactions from one account to another. The debit and credit totals in a journal entry must be equal.
A journal cannot be saved if there is an imbalance between debits and credits.
Entries are only allowed in the current or next financial year.
Entries can be edited, for example if a General Ledger code is incorrect, or you have decided it is more relevant under a different account code.
Entries cannot be edited once the period is closed.
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