Accounting Structure of a Budget Transaction

Creating an expense budget: Debit - offsetting budget item (balance sheet), Credit - expense item

Creating an expense budget:

Debit – offsetting budget item (balance sheet) Credit – expense item

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Creating a revenue budget:

Debit – revenue item Credit – offsetting budget item (balance sheet)

Make sure that the account’s main account is an expense or income account, otherwise it will not be reflected in the system