While Rich, Dave & Michael have given you great responses, I'll offer my
own condensed version:
'Accounting' is not about 'counting' (the math), but rather about
control - "Who controls access to what, and how they are held
'accountable' for that privilege."
Study methods of literal 'cash' control, and then consider methods and
means to apply those principles to any non-cash (physical) accounting
you require. You'll find that those basic principles apply nearly
universally. 'Control' (in some cases synonymous with 'access') and
managing it, is key. The application (use case, not computer app) isn't
relevant to the basic question, but is relevant to the details and
complexity of the implementation.
For example, proper cash handling/accounting and access/control
procedures can catch someone stealing a physical $100 bill, not just the
fact they pilfered $100 total. (I've caught such a case, because those
procedures were in place.) No software can do this for you. This is
entirely dependent on procedure and procedure discipline.
Regards,
Adrien
On 12/28/20 6:01 PM, Edward Bainton wrote:
Can anyone give a view on whether Gnucash is suitable for a very small
credit union?
How would easily can fraud be detected?
If not easily, could it be paired with, say, some kind of blockchain backup
system so as to make fraud detectable?
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