Overview
The Purchase Journal is where vendor invoices are entered. Transactions entered here must be offset against an Accounts Payable account (this is the header or control side of the transaction).
Note - This journal makes assumptions on debits and credits. It assumes the header amount is a credit, so when you enter a positive amount it saves it behind the scenes as a negative (a credit). The journal reports provide a listing for transactions entered within the respective journal. Typically, these are printed once a month.
