How do I assign the "normal balance"?

The normal account balance is the debit or credit balance that is expected in a specific account in the General Ledger. Credit is an entry on the right side of an account. When you have an outflow from your bank account, you will credit the balance. A debit is an entry on the left side of an account. When you have account for an inflow from your bank account, you will debit the balance.

Assigning the account's normal balance

1. Open Connect General Ledger > Organization > Journal Codes.

2. Click the field titled Journal Code, and then enter the journal code and press Enter.

3. Use the Normal Balance menu to assign the normal balance to the journal code.

If the normal balance is credit, the normal balance is credit. Likewise, if the normal balance is debit, the normal balance is debit.

4. Click Save (CTRL+S).

The normal balance is assigned.