Why under transaction it shows my income as both income and a separate line for outcome
Question asked by Julie Georgiana Cody 5 months ago
Image below, I added the income and it has another line with it going out. Everything shows this way.

Question asked by Julie Georgiana Cody 5 months ago
Image below, I added the income and it has another line with it going out. Everything shows this way.

Hi Julie,
Clear Books like all good accounting software, uses what is known as double-entry bookkeeping. This is a standard accounting practice where every transaction has two different accounts to show the full story of your business. For example, when you record some income, Clear Books will post that income to a revenue or sales account, so you can track your business turnover accurately. It will also post that same amount to reflect whether than income has been received yet, and if so into which bank account, or directly into the business owner's personal funds. If it hasn't been received, the double-entry will be posted to trade debtors to reflect that the business is owed this money from a customer. This means you can monitor the your business bank accounts, and ensure all transactions are recorded. Or view how much you are owed by customers who are yet to pay your business yet.
Please see this support guide for a detailed explanation.
Tommy