Financials: Journal entries - difference between Debit and Credit
I am trying to familiarize myself with the Financials section and have a question about how to correctly complete a Journal entry.
The top section seems pretty straightforward, but the bottom section is a bit confusing to me.
Does Debit refer to the account the transaction is being paid out of?
Does Credit refer to the classification of the expense (i.e. Rent expense)?
I would appreciate some clarification on how to properly use this feature. The tutorials do not provide any explanation.
Thank you very much.