The Ledger module of Church360° uses basic accounting rules and principles to help users, both with or without extensive accounting knowledge, to track their church's finances and report on financial activity accurately and transparently.
The primary standard of double-entry bookkeeping requires all transactions to involve corresponding and opposite account entries where credit and debit totals are equal.
This concept is supported by the accounting equation as it's visibly represented on the Ledger Overview, where transactions can be added continually to your chart of accounts while still keeping everything in balance.
Debit and credit designations are automatically made based on the transaction type and the selected accounts. A chart on debit and credit behavior by account type can be seen below.
| Account Type | Increases | Decreases |
| Asset | Debit | Credit |
| Liability | Credit | Debit |
| Equity (and Equity-backed Funds) | Credit | Debit |
| Income | Credit | Debit |
| Expense | Debit | Credit |
Most transactions (except for transfers and journal entries) will typically ask for a main account (where money is being deposited, what account will this check be written from, etc), then provide line items for various offset accounts to be used (income accounts for deposits or expense accounts for payments are common examples). As line items total, the debit and credits are calculated within the system, without additional user effort.
Specifically journal entries, where any account type can be used, users must ensure the totals for all debit and credit line items are equal in order for the transaction to be saved and posted. Transfers apply debits and credits according to account type and which account is set as the Transfer From account (the account that is to be decreased) and the Transfer To account (the account that is to be increased).
| Transaction Type | Debited Account Type | Credited Account Type |
| Deposit | Asset | Income, Liability, or Fund (Income) |
| Payment | Liability, Expense, or Fund (Expense) | Asset or Liability |
| Check | Liability, Expense, or Fund (Expense) | Asset |
| Transfer | Any account type (must match credited account type) | Any account type (must match debited account type) |
| Payroll | Liability (if used under Payroll Details), Expense, or Fund (Expense) | Asset (and Liability if used under Withholding) |
| Journal Entry | Any account type | Any account type |