The Meaning of Green vs Black Numbers in My Reseller Genie

In most cases, the easiest way to think about the meaning of green vs black is that green means money in, black means money out.

This will apply to sales, refunds, inventory, and expenses.

This framework doesn't work as well for balance sheet accounts depending on the transactions you're recording. The "next level" of accounting knowledge requires the usage of debits and credits -- which is really what the colors mean. Green is a credit, black is a debit.

When you look at an entry in My Reseller Genie, the account in the "General Ledger Account" is impacted according the text color rules (green = credit, black = debit). The account in the "Bank Account" is impacted in the opposite way (green = debit, black = credit).

So in this example:

The first line is crediting the "Income - Poshmark - myresellergenie" account (the income account) and debiting the "Poshmark - myresellergenie" account (the asset account). On the other hand, the second line is debiting the "Transaction Fees" account (an expense account) and crediting the "Poshmark - myresellergenie" account (the asset account).