Wow Rick! Apologies for the tardiness in writing back, I was collecting all my bills and filing them under X(expenses) Thanks for the plethora of information. I have never seen accounting in such indepth! Its going to take me a while to digest all of this but it seems like accounting for computer scientists. Kind of feel bad that I am not an accountant nor do I have any extreme computer science knowledge. I am gladful for all the cooperation I have received here. Thanks to everyone here.
On Tuesday, March 10, 2015 at 4:59:45 PM UTC+8, Kev Lau wrote: > > Hello, > I have been struggling with setting up my account structure. Appreciate if > someone could help explain if my structure is correct here. I run a small > supply shop that sells on credit and was wondering how I should have the > account structured. > The problem is that I sometime ship my products overseas because I have > some customers abroad and I need to keep track of the credit. I also deal > with overseas suppliers too and need to keep track of them too. I am having > a hard time figuring out on how I should structure it. Appreciate if > someone could share some light on this. > > This is what I have come up with so far:- > > > ASSETS:NEWYORK:BANK:CASH > > EXPENSES:NEWYORK:BANK:FEES > > CUSTOMER:DALLAS:DAVE:PAYMENT:INVOICE:002 > > SUPPLIER:NEW_JERSY:TUV:PAYMENT:ORDER:002 > > > Does the above seem OK for making a proper account structure? > I once tried and got it wrong because the structure was not correct. > > Kindly please advise(appreciate if someone could post some examples of > structure) > > Thanks > Kevin > > -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
