Accounting journals entries are the basic building blocks of every accounting system. Put simply, they are the records of financial transactions that flow through a business each day. Every transaction – whether it’s buying goods, paying wages, collecting debts or selling services – is documented in detail. By doing this, businesses can keep track of their expenses, income, and profits (or losses). Journals entries have to be done accurately and consistently, so that those responsible for making decisions about the company have confidence in the accuracy of the records. For this reason, businesses must ensure that all journal entries comply with the highest standards of accounting practice. It may sound dry and dusty, but accurate journal entries ultimately help businesses manage their financial position and make smarter decisions for the future!