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by IssaRice
798 days ago
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That is basically the typical accounting equation without the Equity term [1], so I am confused how you handle opening balances. I think the problem with that scheme is that without some notion of debit/credit (or equivalently, transactions that sum to 0), you can't easily tell if your transactions are balancing. Somehow you have to encode the information that Assets are a "left hand side positive" account type, and that Income is a "right hand side positive" account type, which is what the "income is negative" stuff is doing. But now you have to remember which side of the equation the account is positive on. [1]: https://code.gnucash.org/docs/C/gnucash-guide/basics-account... |
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