Is it journaling or Journalizing?

Your journal keeps a record of all your business transactions, tracking them in chronological order, as they happen. Adding new journal entries is called journalizing. ... Each journal entry typically records the date, the account you're debiting or crediting and a brief description of the transaction that occurred.

What does Journalise mean?

Journalizing is the process of recording a business transaction in the accounting records. ... Examine each business transaction to determine the nature of the transaction. For example, the receipt of a supplier invoice means that an obligation has been incurred.