![]() ![]() Click on the “ New Journal Entry” option to enter the transaction: Next up, you will get the journal book interface. To enter the above accounting transaction, navigate to the WP Admin Dashboard > WP ERP > Accounting > Journal Entries. We assume that you already have WP ERP Accounting up and running on your Website. If you are using WP ERP accounting module, you can easily enter the above transaction into the system. How to Input Journal Accounts in WP ERP Accounting Module? But you must enter the transaction when you take a personal loan from your business. You can not enter any private financial transaction or any transaction that does not change the financial condition of your business.įor example, you can not enter the transaction when you take a personal loan from your bank account. You write a check to pay for $318 of office supplies.You write a check for $5000 to pay for an Asset of your business. ![]() Of this amount, $500 is applied to the principal, and $40 is applied to the loan interest.
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