On your Transactions page, debits are green transactions, and credits are black transactions. Whether a transaction is a debit or a credit depends on whether the account is an asset or a liability.
Track your assets and liabilities on your balance sheet.
Asset accounts
Assets are things that a business owns or is owed. Asset accounts include bank accounts like checking or savings, outstanding invoices, and equipment.
Deposits to asset accounts are debits, while withdrawals from accounts are credits.
Liability accounts
Liabilities are things that a business must pay or owes to others. Liability accounts include loans, credit cards, customer credits for future services, and vendor bills.
Payments made to reduce credit card or loan debts are debits, while purchases for the business are credits.
Transfers
In Wave, a transfer is when you move money from one account to another. The account the money is withdrawn from is a credit, and the account the funds are deposited into is a debit. If you move money from your checking account to pay your credit card, your checking account will be credited, and your credit card will be debited.
Learn more in How to create a transfer between two accounts.