Each actual journal in the PeopleSoft Finance System requires entries of equal and opposite amounts. These equal and opposite amounts are referred to as Debits (Dr) and Credits (Cr).
Note: The number of debit entries do not need to match the number of credit entries, as long as the sum of the total debit entries equals the sum of the total credit entries. In other words, when you add up all entries in an actual journal, they should net to 0.
A note about Transfers In and Transfers Out:
Keep in mind that Transfer-In is like Revenue……so a debit (+) decreases the amount and a credit (-) increases the amount.
Transfer-Out is like an Expense….so a debit (+) increases the amount and a credit (-) decreases the amount.
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