Accounting journal entries are a record of the financial activities of an organization or individual. These entries document changes in value, such as purchases, sales and payments made to suppliers or employees. By keeping track of each transaction or adjustment, businesses can accurately determine their financial position at any given moment. Accounting journal entries are essential for business owners who want to stay informed about their financial health and ensure that accurate records are kept for tax purposes. Keeping accurate accounting journal entries is both an art and science, requiring skill and knowledge of bookkeeping principles.