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In Income / Expense accounting, a transaction is generally recorded with one account entered in the Account column and one category entered in the Category column.
- The accounts are those listed in the Accounts table.
- The categories are those listed in the Categories column.
It is also possible to record a transaction involving multiple accounts or categories, by entering one account or category per row, until the entry is complete.
When you need to record a transaction that involves two accounts, without using a category, you can use the Category column to enter the second account from the Accounts table.
An example could be the recording of a cash withdrawal from the postal account. The transaction should be entered as shown in the example below.
- Enter the Date and Description in the respective columns
- In the Income or Expense column, enter the amount
- In the Account column, enter the first account
- In the Category column, enter the second account