<p>Tax Areas allow you to enter information on tax jurisdictions. This data will be used for calculating taxes on your Sales Orders. You can either assign a default Tax Area to each Client or you can assign them a Tax Exempt Number. Alternatively, you can change the Tax Area on each Sales Order i...

The Type column in the Adjusting Journal Entry line items section designates the type of account that the adjustment is for.

See the lesson for Adjusting Journal Entries if you're looking for a more general understanding of how these entries work.