Setting up automatic journal entries: Percentage tab

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017.

For details, see CSA license expiration 2017 – frequently asked questions.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of these CSA modules.

  1. Choose Setup > Automatic Journal Entries and click the Add button.
  2. On the Percentage tab in the Calculate from grid, enter the range of accounts to calculate from.
  3. From the drop-down list in the YTD/Current column choose Year to Date or Current amounts.
  4. Choose whether the account range total will usually have a Debit or Credit balance by marking the appropriate option.
  5. In the Distribute to grid, choose the account(s) that you want to make an adjustment to, the percentage of the total that you want to adjust to that account, and whether you want to debit or credit that account. The total of the percentages entered for credit distributions must be equal to the total of the percentages entered for debit distributions.
  6. If you wish to set up an Automatic Journal Entry based on State or Federal income taxes, click the Income tax tab. Otherwise, click Enter to save the record and click Done to close the dialog.

Related topics

Setting up automatic journal entries for a GL client

Automatic journal entries based on state or federal income taxes

Automatic Journal Entries in Write-Up CS (PDF)

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