Automatic Journal Entries > Overdraft tab

Alerts and notices

Important reminder!

Product support for Engagement CS is ending on September 30, 2020. See Engagement CS license expiration 2020 - frequently asked questions for more information.

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS permanently expired on March 1, 2017.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of Creative Solutions Accounting.

Use the Overdraft tab of the Setup > Automatic Journal Entries dialog to set up automatic journal entries that calculate based on account balances. This can be used to affect the presentation of financial statements. For example, you can create an automatic journal entry that will post a credit balance of a cash account to a liability account and then reverse the entry in the next period. If the account has a debit balance, it prints to one section of the statement, and if it has a credit balance, it prints in a different section.

Choose Automatic Journal Entries from the Setup menu and then click the Overdraft tab.

Note: By definition, the Reversing checkbox on the Overdraft tab is always marked and cannot be unmarked.

See also: Automatic Journal Entries [Setup menu]

Special information

  • For additional information and examples, see Automatic Journal Entries in Write-Up CS (PDF).
  • If multiple automatic journal entries have been set up for the client, the application completes the calculations in the following order: (1) percentage; (2) inventory; (3) state tax; (4) federal tax; (5) overdraft.

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