Search found 2 matches
- Fri Aug 12, 2005 5:36 pm
- Forum: Accounting
- Topic: Credits & Debits-I'm sooo confused
- Replies: 3
- Views: 2832
Credits/debits
It should be. But the powerchurch manual doesn't say much about "Accounting concept". I've been told if you want to credit an account you have to put it in as a debit, etc. I just want everything going in and coming out of the right place. I just a little confused about it.
- Fri Aug 12, 2005 4:08 pm
- Forum: Accounting
- Topic: Credits & Debits-I'm sooo confused
- Replies: 3
- Views: 2832
Credits & Debits-I'm sooo confused
I don't know where to start. I'm confused about entering new transactions. Our bank statement has EFT's and online $ transfers to our building fund money market account (01-1220) which is an asset. When we do a bank transfer from our default bank acct. (01-1110) or an electric fund transfer, which a...