6 Basic Books of Accounts:

  • General Journal
    This book is referred to as the original entry book. It records the transaction of the business in the order of the date using the principle of “debit and credit”.

  • General Ledger
    This book is referred to as the final entry book. This is where you will see the summarized journal entries of an account to get the reconciled balances. This book tracks your Assets, Liabilities, Owner’s capital, Revenues, and Expenses.

  • Cash Receipt Journal
    This is a special journal used to record all cash payments of expenses and/or collection of receivables. Entries can be in the forms of Cash Sales, Sale of an asset for cash, Collection from Customers, Collection of interest, dividend, rent, etc.

  • Cash Disbursement Journal
    This Book is an internal record kept by accountants to record and track the business’s outflow of cash. This helps keep the General Ledger up-to-date.

  • Sales Journal
    This is a special journal used to record sales on credit (received from customers).

  • Purchase Journal
    This is a special journal used to record credit purchases (payable to the supplier).


To download JuanTax's Books of Accounts templates, click on this link: https://bit.ly/JuanTax_BOA


Do you know that you can manage your Books of Accounts in JuanTax in just a couple of minutes? Want to learn more? Reach out to our Support Team, weekdays from 8 AM to 9 PM or view this demo.

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