Financial Glossary
Amount Credited
The amount credited is the dollar value recorded on the credit (right) side of an account in a double-entry bookkeeping transaction. A credit increases liability, equity, and revenue accounts and decreases asset and expense accounts. In any balanced entry, the total amount credited must equal the total amount debited.
Problem & Application
On a customer's statement, an amount credited often means a refund, discount, or payment applied that reduces what they owe, which matters for STR and campground operators handling cancellations and partial refunds. In the books, recording the credit to the right account, deferred revenue versus revenue, for example, keeps income recognition accurate. Misposting a credit quietly distorts both the balance sheet and the income statement.
In Short
The amount credited is one half of every balanced transaction, and posting it to the correct account is what keeps the books reliable. Small misclassifications compound over a year.