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JoyD27's avatar
JoyD27
2 months ago

Debits and Credits

I'm new to Business Lite.  Is it correct that Income is Debit and Expenses are Credits?
lucy11
  • JoyD27's avatar
    JoyD27
    2 months ago

    Thanks for your help lucy11 and Genreve_S.   I was informed that when entering transactions into Banking, it's done in reverse, but when you look in the Reports and Trial balance, it's around the correct way.  Business Lite is quite a bit different to Account Right, which is what I've been using for quite a few years.  :)

JoyD27's avatar
JoyD27

That's what I thought, but it's around the other way in mine.  All my expenses are going into the credit column & the income is going in the debit column 

Genreve_S's avatar
Genreve_S
MYOB Moderator
2 months ago

Hi JoyD27,

 

It's interesting how your account records debit and credit in reverse. It might be worth checking your linked accounts to make sure all has been set correctly. If the same recording issue persists after checking, I recommend creating a support ticket from the My Account window. 

 

Regards,

Genreve

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