Ask AwraIQ about features, pricing, onboarding, login, integrations, security, demos, mobile apps, automation, reports, or support.
Recording every transaction as equal and opposite debits and credits.
Double-entry records each transaction twice — as a debit to one account and a credit to another of equal value. Receiving stock debits inventory and credits payables; nothing appears from nowhere.
The self-balancing structure is what makes accounting checkable. If total debits do not equal total credits, there is definitely an error, and the system can say so before anyone reads a report.
Assets = Liabilities + Equity
The accounting equation the double-entry system keeps in balance at all times.
Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.