Journal Entry Types

Credit Transactions

Journal Entry Type	Description	Example
Credit Memo	Decreases Revenue and decreases Accounts Receivable	Account removes a vehicle
Cash Adjusting Credit	Increases Cash and decreases Accounts Receivable	Bank makes a posting error
Non-Cash Adjusting Credit	Decreases Accounts Receivable	Payment from a revolving account, savings account, or write off
Payment	Increases Cash and decreases Accounts Receivable	Check received and applied

Journal Entry Type	Description	Example
Debit Memo	Increases Revenue and increases Accounts Receivable	Adjustment to an invoice
Cash Adjusting Debit	Decreases Cash and increases Accounts Receivable	Bank makes a posting error
Non-Cash Adjusting Debit	Increases Accounts Receivable	Adjustment to a revolving account, savings account, or write off
Invoice	Increases Revenue and increases Accounts Receivable	Standard invoice