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A journal entry is used to record an accounting transaction in the general ledger. Workday Finance replaced Financial Edge as our general ledger system effective January 1, 2024. Financial Edge account codes and projects have been discontinued.

Single-entry bookkeeping is rarely used. In the investing world, a journal is a running list of trades made by an investor and why. For accounting purposes, a journal may be a physical record or a ...

One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record your workers’ pay alongside overall business expenses. While the process may look different for every company, payroll ledgers typically include ...