What are Debits and Credits?

Church Accounting Software

Learn about what debits and credits are with our church accounting specialist. Debits and credits are used in all church accounting software.

Debits and Credits compose all accounting entries, even if you do not see it happening in your accounting software. A basic understanding of debits and credits is invaluable to any bookkeeper.

Interesting history: the abbreviations for debit and credit are dr. and cr. They were derived from the Latin words, debere and credere.

Previous

Selecting the Right Church Management Software

Next

Taxable Gifts to Pastors and Employees