When I create invoice receipt for rent expense....

[Former Member]

I put some information and click the "simulate" button.

I see only the Debit item is entered, but I don't know how was the Credit in this transaction obtained? Could anyone explain it in detail?

[TammyPowlas · Accepted solution]

I assume you used FB60

Debit is from the account and the entry (debit expense)

Once you put in the Vendor, there is a reconciliation account that the system knows belongs to the liability (credit)