Debits and Credits vs. To and From Quick Reference
Staff can learn more about To and From on KFS eDocs and how they translate into debits and credits.
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 |