creditposten

Creditposten is a term used in accounting to describe a credit entry posted to a ledger account. In double-entry bookkeeping, every transaction has at least one debit and one credit, and the total debits equal total credits. A creditpost increases the balance of accounts where credits are normal (liabilities, equity, and revenue) and decreases the balance of accounts where credits are normal (assets and expenses). In other words, posting a credit to a liability or equity account increases that liability or equity, posting a credit to a revenue account increases revenue, and posting a credit to an asset or expense account reduces that asset or expense.

In journal and general ledger practice, a creditpost is the recorded line that provides the credit side of the entry. Examples include recording a sale on credit that increases revenue (credit) and creates accounts receivable (debit); taking out a loan that increases cash (debit) and increases a loan payable (credit); and owner contributions that increase cash (debit) and capital (credit).

Creditposten is commonly used in Scandinavian accounting terminology, and in English-language texts you may see "credit entry" or "credit posting" instead. The concept is universal to double-entry bookkeeping and is essential for balancing the accounting equation (assets = liabilities + equity).