Credit
A credit is a ledger entry that reduces what a member owes the syndicate, or, if a member has a negative balance, moves the syndicate further into owing them money. Credits include approved expense reimbursements, recorded payments, loans a member made to the syndicate, corrections that leave money owed on account, and negative manual adjustments. A refund that went back to the member’s bank posts no credit — the money is already theirs.
Syndik8’s sign convention: credits are stored as negative amounts, debits as positive. A member’s balance is the signed sum of the unpaid ones that have fallen due. A positive balance means you owe the syndicate; a negative balance means the syndicate owes you.
Contrast with a debit, which increases what the member owes.