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jazz1847-yahoo-c
Level 1

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

a debit and a credit for the same amount are automatically posted causing a zero balance.
2 Comments 2
MadelynC
Moderator

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

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 15

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

@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).  

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