DEBIT-CREDIT difference

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DEBIT-CREDIT difference

The total amount of the Credit transactions does not match the total amount of the Debit transactions.

Causes

  1. The counterparty account is missing
  2. A non existing account has been entered
  3. In a multiple transaction (the one on more than one row), you entered a wrong amount, or you didn't enter all the amounts that compose the multiple transaction.
  4. The accounting has not been recalculated (Check accounting).

Solutions

Locate the row that generated the difference

  • Use  the Check accounting command.
  • If a difference remains, check the totals column (00) in the Accounts/Categories tab, this will allow you to control which progressive operations do not return a zero result.

How to solve the problem

  1. Enter the counterparty account number
  2. Verify in the Accounts table if the account exists. If it is missing, enter it.
  3. Check the amounts and ascertain that none is missing.

Avoid mistakes with Banana Accounting Plus

In order to facilitate checking your accounting work and to immediately find differences, in Banana Accounting Plus, our new version, we added the Balance column in the Transaction table. You can now see potential differences on each row and you can correct them right away. It is a very useful feature when closing the accounting period.
Many of our clients have already tried it and are enthusiastic about it. We advise you to switch now to Banana Accounting Plus and take advantage of the many new features.