How to Import Journal Entries into QuickBooks Online using Dancing Numbers Online?

The journal entries allow you to correct the information that is inaccurate in your financial accounting database. You can also add transactions for which you are not able to add in any other sections. It is important to import journal entries into QuickBooks Online using Dancing Numbers Online. Dancing Numbers software helps you to import bulk lists and transactions with an automatic process. It saves you a lot of time and money.

Let’s go through the sections below that are import process followed by requirements to be fulfilled before starting the process.

Things Required Before Starting the Journal Entries Import Process

Connect QuickBooks Online to Dancing Numbers Online via QuickBooks AppStore. Just click on “Get App Now” to start using the Dancing Numbers Online application program. You can also start the 7 Days Free Trial if you are not subscribed for Dancing Numbers Online yet.

Steps to Import Journal Entries into QuickBooks Online using Dancing Numbers Online

Before proceeding with the automatic import process, there are several steps that you have to complete. These guidelines help you focus on other work as it does transfer data for you without any problems or errors. If there is any issue, then it will notify you after importing other data which might need fixing. With this guideline, you can import bulk lists or individual transactions, and here are 3 main steps:

• Upload: Uploading is the first step to importing journal entries into QuickBooks Online. Search for and select your file to upload, and then click the following button in order to finalize the process.
• Map: You can choose to edit the file data according to the QuickBooks Online program and help import it, you can save the mapping settings for later imports. After mapping proceeds toward the next step.
• Import: The third step has to do with reviewing the data that will be imported. It can be done in a number of different ways like clicking “View import database” or viewing the auto-completed database. After reviewing all the data to import, you would click on the “Import” button and then wait for it to finish. Once that’s done, you’ll get an alert telling you it’s finished.

When you are finished importing information, the top left of your screen will display a message indicating that you have completed the import process. Additionally, it displays what was imported and offers indicators for any errors with advice on how to correct them.

Import Journal Entries Fields in Dancing Numbers Online

Field Name	Format	Description
Journal No	21 Characters	Provide the Journal no. for this transaction that must be unique. The software uses this value only for internal processing. QuickBooks auto-generates a new value with this reference number. You can use the import setting to change it.
Journal Date	Date	Provide the Journal entry transaction date on which it is done.
Memo	4000 Characters	In this field, the private note of the organization can be written related to the transaction. This not is not going to be visible on the record of the transaction.
Account	Characters	Mention the Account name for which you have done the journal entry transaction.
Amount	Decimal	Write the amount of line in which the debits are mentioned as the positive value and the credits are mentioned as the negative values.
Name	Characters	Mention the name of the Customer, Vendor, or Employee associated with the line, if any. If the Account is Accounts Payable, the Debit line must have a Vendor. If the Account is Accounts Receivable, the Debit line must have a Customer.
Location	Characters	You have to write the transaction’s location.
Class	Characters	Provide the class name for the item or product / service.
Exchange Rate	Decimal	In this field the 1 is the default. It is applicable when the multi-currency is shown for the company. The home currency unit number is equal to one unit of the currency that is specified by the field of currency code.
Is Adjustment	Boolean	Mention the adjustment value for the journal entry in this field.

Import bulk journal entries with an automatic method and save your time. It helps you to import data correctly and also do the mapping to transfer data in alignment. This helps you to easily get the data located whenever required. If you are facing any issues while importing journal entries into QuickBooks Online using Dancing Numbers Online then connect with professionals via live chat or email at support@dancingnumbers.com. The Dancing Numbers helpdesk team is available all around the clock.

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