Journal Entry Cheat Sheet

 

Bank/Asset/Expense

Trust/Revenue

Debit

Increase (+)

Decrease (-)

Credit

Decrease (-)

Increase (+)

 

Important Notes on Debits and Credits

Review your account types before creating a journal entry to ensure accuracy from Admin->Account Admin


In ASBWorks accounting:

A debit to your checking account increases the account balance.

A credit to your checking account decreases the account balance.