Debits and Credits
Examine detailed transaction entries with the debits and credits report.
The debits and credits report provides a granular view of all transaction entries recorded within your accounting system. By detailing each debit and credit entry, this report ensures accurate bookkeeping and supports the reconciliation of financial statements.
Debits and credits report 
The debits and credits report offers insights into individual transactions affecting your accounts, maintaining transparency and consistency in financial reporting.
| Columns | Description |
|---|---|
| Accounting period | The specific accounting period during which the transaction occurred |
| Open accounting period | Indicates whether the accounting period is open |
| Currency | The currency in which the transaction is recorded |
| Debit | Monetary amount recorded as a debit for each transaction |
| Credit | Monetary amount recorded as a credit for each transaction |
| Amount | The net amount of the transaction, calculated as the difference between debits and credits |
| Debit GL code | The general ledger code associated with the debit entry |
| Credit GL code | The general ledger code associated with the credit entry |
This report is essential for verifying the accuracy of transactions and maintaining a balanced ledger, serving as a fundamental tool for auditing and financial analysis.
The debits and credits report works with other financial statements like the trial balance, income statement, and balance sheet to ensure all accounts are accurately reconciled.
Download the report in various formats from our statements page.