How to Sales Journal Entry

Almost any business has sales of items and services and sales journal Entry for invoice is a most too. some of company use accounting software to record their sales and some company intend to have a record on paper too because they cloud not trust of data lost in computer systems.

Any sales for cash cause increase money in cash accounts and decrease items from store then you can record it on journal entry as below:

Journal entry for cash basis

Assets/ Cash  accounts                    Debit  ( As amount of Sales)

Income /  Sales Accounts                 Credit ( As amount of Sales)

Journal entry for credit basis

but for sales on credit basis, it is different as below:

Receivable Accounts                        Debit  ( As amount of Sales)

Income /  Sales Accounts                 Credit ( As amount of Sales)

This photo shows how to post a sales journal in Peachtree accounting software

Sales invoice in Peachtree accounting in Dubai

Note: Most accounting software will post journal entry of invoice automatically based on standard of accounting and you don’t need to post it separately

Sales journal in Peachtree accounting for Dubai

Sales journal in Peachtree