Staff can learn more about debits and credits and how they translate into To and From on KFS eDocs.
Debits and Credits Quick Reference
TYPE OF OBJECT CODE | I NEED TO…. | DEBIT OR CREDIT? | TO OR FROM? |
Asset (1xxx) | Increase an Asset | Debit | To |
Decrease an Asset | Credit | From | |
Liability (2xxx) | Increase a Liability | Credit | To |
Decrease a Liability | Debit | From | |
Revenue (4xxx) | Increase Revenue | Credit | To |
Decrease Revenue | Debit | From | |
Expense (5xxx-9xxx) | Increase an Expense | Debit | To |
Decrease an Expense | Credit | From |
Related Articles
| Filter by label (Content by label) | ||||||
|---|---|---|---|---|---|---|
|
...