[NAB] Debit=spending money

[dlx]

The meanings of debit and credit are reversed on the operations department page. Debit is out, credit is in. On the page it says debit in, credit out.

[StephenM]

Hello,

Firstly welcome to the forums. Under normal accounting circumstances you "debit the account that receives and credit the account that gives", meaning debit = in and credit = out. When you look at your bank statements the situation is reversed, debit = out and credit = in because the statements are from the bank's perspective. The finances in AM follow normal accounting practice and as such we have debit = in and credit = out.