Double-entry bookkeeping requires two entries per transaction. One entry is the debit entry and the other is the credit entry. Money flows from the debit entry to the credit entry. Each entry must be represented by an account. Every transaction must have two entries. Every entry must be linked to a transaction. It must be possible to create incomplete transactions, which must be easily identified and surfaced at high priority to the user.
Double-entry bookkeeping requires two entries per transaction. One entry is the
debit
entry and the other is thecredit
entry. Money flows from the debit entry to the credit entry. Each entry must be represented by an account. Every transaction must have two entries. Every entry must be linked to a transaction. It must be possible to create incomplete transactions, which must be easily identified and surfaced at high priority to the user.