While most accounting in the modern age we live in today is done on computers, journalising remains an important tradition for businesses. Of course, the journalising process is often carried out on computers making it quicker and easier, but the fundamental rules are still transferred from the old bookkeeping ways.

Journalising is the process of recording accounting journal entries. Often it is done in the background by an automated computer program. However, it is still important to understand the basics of journalising.

The Journalisng Process

In manual accounting, each financial transaction is first recorded in a book called a journal. In that accounting journal entry, the title of the account to be debited is listed first, followed by the amount to be debited. The title of the account to be credited is listed below and to the right of the debt, followed by the amount to be credited.