Peachtree helps you keep debit and credit rules straight when you're managing business financials. Just remember: Credits and debits must equal each other. Peachtree will do the accounting work for you, but keep these other pointers in mind:

  • To increase an Asset account, DEBIT it.

  • To decrease an Asset account, CREDIT it.

  • To increase a Liability or Equity account, CREDIT it.

  • To decrease a Liability or Equity account, DEBIT it.

  • To increase a Revenue account CREDIT it.

  • To decrease a Revenue account DEBIT it.

  • To increase an Expense account, DEBIT it.

  • To decrease an Expense account, CREDIT it.