Basic
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The Debit/Credit Event is designed for users with an accounting background who prefer working in traditional journal-entry style. Functionally, it’s nearly identical to the Income and Expense Events, but with more flexibility — allowing you to debit or credit any ledger, not just those tied to income or expense categories.
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This event gives accountants and finance professionals the precision and control they expect, while still fitting seamlessly into whatifi’s visual scenario modeling. It’s ideal for handling transactions like asset purchases, liability adjustments, or manual equity movements that don’t fit cleanly into standard income or expense flows.
For non-accountants, using the Income or Expense events may offer clearer labeling — but under the hood, they perform similar ledger movements.
You’ve purchased $25,000 of computer equipment upfront, which should be tracked as an asset rather than an expense. The Debit/Credit Event allows you to record this transaction in proper accounting form:
This is especially useful for one-off balance sheet adjustments — like asset capitalization, inventory reclassification, or manual equity transfers — where neither income nor expense behavior applies, but you still need accurate ledger impact in your scenario.
This mode allows you to model recurring journal entries where you explicitly define both the debit and credit sides of a transaction — just like in traditional accounting.
Unlike the Income or Expense events, which are locked to specific ledgers, this mode gives you full flexibility to select any ledger as the target or contra side — ideal for accountants or advanced users who need precise control over the flow of funds.
You define:
This is ideal for modeling repeating journal entries, reclasses, or scheduled accruals and deferrals — any scenario where you want full control over the ledger logic.
This mode allows you to split a single transaction across multiple periods, evenly distributing its impact over time while retaining full control over both the debit and credit sides of the journal entry.
To set it up, you simply enter the total amount, choose the cadence (e.g. monthly or quarterly), specify a start date and either an amortization period or end date, and then select your target and contra ledgers.
Whatifi will then automatically generate equal-value journal entries for each period in the range, applying your debit and credit choices accordingly.
This is ideal for modeling things like:
It gives accountants and advanced users precise control while simplifying the math of spreading values over time.
IN DEVELOPMENT
You set a total amount, and then shape how it’s used over time using a custom curve — great for top down modeling revenue that ramps up or tapers off, like seasonal activity.
Click the EDIT DISTRIBUTION option to open the Distribution Editor.
IN DEVELOPMENT