The table* below provides a quick summary to assist in determining whether to use a Debit (+) or Credit (-) when preparing transactions.
Note: The + and - sign in UniFi refer to Debit and Credit, instead of the Minus and Addition functions in mathematics. Credit (-) does not necessarily mean "take the fund out of".
| Accounts | Increase | Decrease | |
| Assets | 1XXXX | Debit (+) | Credit (-) |
| Liabilities | 2XXXX | Credit (-) | Debit (+) |
| Revenue | 5XXXX | Credit (-) | Debit (+) |
| Expense | 7XXXX | Debit (+) | Credit (-) |
| Transfers | 8XXXX | Transfer Funding From Debit (+) |
Transfer Funding To Credit (-) |
*Table couresy of UniFi - Introduction to Accounting class
To determine whether to use a debit or a credit, first identify the account code in the CFOAPAL that you are using, and then decide whether you want to increase that account or decrease it.
Figure 1 - Example of a CFOAPAL
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