In Cimplico Workpapers, entries and journal entries serve different purposes.
Journal Entries
A journal entry changes the balance of an account. This works just like a journal entry in your ledger software (e.g., Xero or MYOB), allowing you to:
Adjust account balances.
Correct errors in the trial balance.
Reflect accounting entries, such as accruals or prepayments.
Entries in a Default Worksheet
An entry in a default worksheet does not change the account balance. Instead, it is used to break down and document an existing balance from the ledger.
For example:
If the Interest Expense account has a balance of $3,600, you might create entries to show:
$3,500 of loan interest (with the loan statement attached).
$99 of ATO interest (with ATO reports attached).
$1 for rounding.
This process helps evidence and verify what makes up the balance in the account, but it does not adjust the balance itself.