As Susan reviews the Building Fund Chart of Accounts, she notices something odd. The ledger shows that revenue for the building fund is being credited from the building fund checking account. At the same time, the checking account has been debited with offerings and donations from church donors.

“Isn’t a debit supposed to mean money being taken out, like with a debit card? Why does this say that donor money is being debited into the checking account?”

She frowns, tilting her head in confusion as she scans the revenue account ledger. “And here—why does it show the same donor money that was debited into the checking account is now being credited into the revenue account? I am so confused!”

Then, grabbing another, “And this is the building expense ledger…” She looks down at three more spreadsheets. “How am I supposed to use these to figure out what’s going on with the building fund?”

“This money is from the daily offering. This money is for a mission trip…”

To track income and expenses accurately, bookkeepers must understand the basics of debits and credits—an essential accounting tool for monitoring how money moves in and out of a fund.

Are you ready to learn the fundamentals of debits and credits? Join Susan as she uncovers how they work to manage and track church finances every day effectively!

Course Objectives

By taking this course, you will learn what you need to know in order to: