Financial statements & accounting records · Core

Journal entry

Also called: journal

ELI5

A recorded debit-and-credit accounting transaction.

Used in conversation

“State the period, currency and accounting basis for journal entry.”

Pitch context

You will see “Journal entry” in financial models, budgets, board packs and investor materials when the discussion reaches financial statements & accounting records.

Why it matters: It helps a reader interpret financial statements & accounting records without confusing the measure, decision, role or evidence being discussed.

Sources & evidence · 4

Direct term-level sources and supporting source families.

IFRS Foundation — IFRS GlossaryDirect source · primary · checked 2026-08-16
Financial Accounting Standards Board — FASB Accounting Standards CodificationDirect source · primary · checked 2026-08-16
U.S. Small Business Administration — Break-even pointSupporting source family · primary · checked 2026-08-16
U.S. Securities and Exchange Commission — Non-GAAP Financial Measures — Compliance and Disclosure InterpretationsSupporting source family · primary · checked 2026-08-16