Gray Step Software Support

Fundamentals of a Debit and Credit:

1.When dealing with Bank accounts (Checking, Savings): a debit increases the account; a credit decreases the account

2.When dealing with Revenue accounts: a debit decreases the account; a credit increases the account

3.When dealing with Expense accounts: a debit increases the account; a credit decreases the account

4.When dealing with Trust accounts: a debit decreases the account; a credit increases the account

Note: Journal Entries affecting cash will show up on the bank reconciliation