Every time you create a disbursement or receipt, pay an invoice, or collect a receivable, the appropriate debit and credit entries are created based on type of transaction and distribution. Each transaction must have at least one debit and one credit. The total dollar amount for debits must equal the total dollar amount for credits.

You can also create your own journal entries if you need to adjust your account balances. Pick a topic in the navigation menu to learn more about it.