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To be more specific I am making an app where you can enter your transactions, but I want to differentiate them between when you pay for something (food, tickets, subscriptions) and receive money (paycheck, prize money).

What are the correct words for this ? Maybe for the latter it should be "payment".

  • Since it's an app, you could keep it really simple: "money in" and "money out". – Tᴚoɯɐuo Jan 9 '16 at 13:09
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Strictly speaking, in accounting, the transactions are referred to as

credits (additions)
debits (withdrawals)

For your app, you might use terms non accountants would be familiar with

additions
subtractions

incomings
outgoings

received
spent or payments

They all have the notion of increasing and decreasing an account

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