Hello there, @jrl55.
I’m here to help you manage rent invoices, handle payments, or organize your books. I’ve got you covered! Finances can be tricky, but together we’ll break it down and make things simple.
Before we proceed, may I know if you are a landlord or a tenant? Which specific account register are you viewing that shows debits? When you mention debits, is the amount showing as negative, or are you looking at the debit column specifically?
If you are a tenant and the invoice you’re referring to is a bill that has not yet been paid, it will show as a Credit in Accounts Payable and as a Debit in the Expense Account. Once the bill is paid, it will show as a Credit in the Bank Register and as a Debit in Accounts Payable.
Meanwhile, if you are a landlord and the invoice is unpaid, it will show as a Credit in the Income Account and as a Debit in Accounts Receivable. Once the invoice is paid, it will show as a Debit in the Bank Account and as a Credit in Accounts Receivable.
I hope I was able to answer your questions about how transactions affect different account registers. Don't hesitate to comment below if you have further questions about managing invoices or bills for monthly rentals.
