Journal notation is a system of recording financial transactions in a journal. It is used to keep track of the date, amount, and type of transaction. The ENTRY is the first step in the journal notation process, which involves entering the details of the transaction into the journal. This information is then used to create a ledger, which is a summary of all the transactions that have taken place. Journal notation is an important part of accounting and is used to ensure accuracy and consistency in financial records.