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Any addition to your revenue, liability or equity will be a credit. Meaning, when you book a revenue, you credit that amount to a revenue account. Therefore, a deduction of revenue, liability or equity will be a debit.

What are debits? Any addition to an asset or expense will be a debit Meaning if you buy an asset or incurred an expense, you will have to debit that amount. Therefore, a deduction to an asset or expense will be a credit

No need to manually track the invoices you have created. Just click to copy and get the your summary report : invoice date, invoice number, customer name, total invoice amount, taxes and discounts.

Bank Statement to Profit and Loss Excel Template

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