reports - transactions view - more entries than expected

Problem reported by Dan Ross 5 days ago

After I enter a single rental income record when I view Reports -> Transactions I see 2 entries one Debit and one Credit that cancel each other out

why is this?

Write reply1

1 Reply

Hi Dan,

This is the Double Entry concept which is a key principle in accounting.

Tommy

4 days ago

Reply to this problem

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social