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August 19, 2023
Question

How to fix double posting of the same amount as a credit and a debt?

  • August 19, 2023
  • 2 replies
  • 3 views
a debit and a credit for the same amount are automatically posted causing a zero balance.

2 replies

Moderator
August 20, 2023

Hi there, Jazz.


I want to help you. Before that, I need some information to discern your concern better. Could you please share the steps you took before encountering the duplicate post and the exact page where it occurred? This helps me determine the cause and provide an accurate solution.


In case you need articles and tips in the future about managing your company’s data, you can visit our Support page anytime. You can also bookmark our Resource Center. It has free tools and bookkeeping basics to help organize your records and keep them intact.


Write me soon once the details are ready. I'll be right here to assist you.

Rainflurry
Level 11
August 20, 2023

@jazz1847-yahoo-c 

 

There's nothing to fix.  Double-entry accounting requires a debit and credit for every transaction.  If you spend $100, there is a reduction in your bank account (credit) and what you spent the money for, generally an asset or an expense (debit).  If you receive $100, you have an increase in your bank account (debit) and the reason you received it, generally income or a reduction in accounts receivable (credit).