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    Karoldp's Avatar
    Karoldp Posts: 1, Reputation: 1
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    #1

    Jul 23, 2012, 05:22 PM
    Grouping Journal Entries into Summary Entries: Allowed?
    I currently use a database which I developed in addition to QuickBooks to fulfill the accounting tasks at my job. The database houses all customer, sales, and cogs data which is updates from external sources. I currently have to enter the all the data from the database relating to each individual sale into QuickBooks. This means that I have to make a minimum of three entries in QB for each individual sale and this has proven to be very time consuming. I am looking to find out if it would be legitimate to make a single journal entry at the end of the month for each of the affected revenue and COGS accounts. We are also on the accrual basis of accounting. Any and all comments and suggestions are appreciated.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 24, 2012, 03:00 PM
    You can use the journal function to journal a summary entry but you will loose the detail. You can use the sales invoice function to enter the detail of each transaction for each customer producing one invoice each month for the customer in the quickbooks system, this looses less detal but you may want to include the date and consigment data in the comments
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