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Credit Revenue,. Debit Accounts Receivable (1 viewing) (1) Guest
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TOPIC: Credit Revenue,. Debit Accounts Receivable
#4743
3473 (User)
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Credit Revenue,. Debit Accounts Receivable 12 Years, 2 Months ago  
Hi, I am experimenting with manual journal entry:

Credit Revenue $30
Debit AR $30
Post.

However, when I do an account enquiry, the revenue balance is negative 30

Why is this? I thought that when you credit revenue, revenue increases?

Thanks
 
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handsonerp (Admin)
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Re:Credit Revenue,. Debit Accounts Receivable 12 Years, 2 Months ago  
Yes, revenue increases when you credit it.
However natural balance for revenue accounts (as well as liability accounts) is "negative". -300 means you earned 300.
That is why in FSG reports revenue columns are multiplied by -1 to make them appear as positive.
 
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