Accounting Nerd Alert! Debit and Credit Summary Sheet

This one’s for my fellow bookkeepers—when we do double entry bookkeeping, it’s important to know how the money moves into, around, and out of each account, so all the reports are generated accurately. If you’re looking for a simple cheat sheet for how debits and credits move in and out of accounts (to help with your understanding of journal entries) as well as a sample listing of which categories fall where on the chart of accounts, I hope you enjoy this summary sheet!