Journal entry
Definition
A dated record of a financial transaction showing equal debits and credits across two or more accounts.
Long reference
Handbook
Journal Entries
Citations, procedures, and worked examples for journal entry.
Related terms
Debit
An entry recorded on the left side of an account. Increases assets and expenses; decreases liabilities, equity, and revenue.
Credit
An entry recorded on the right side of an account. Decreases assets and expenses; increases liabilities, equity, and revenue.
Ledger
The committed transaction history for your corporation, viewed at /dashboard/transactions. Commits are reversed with a new entry, not deleted.