On Sat, Aug 6, 2016 at 8:20 PM, Simon Michael <si...@joyful.com> wrote:
> On 8/5/16 10:31 PM, Vikas Rawal wrote: > >> My auditor, who does not use ledger, wants me to give him trial balances. >> How can I create trial balance from ledger? >> > > Going by https://en.wikipedia.org/wiki/Trial_balance , I think this is a > report showing that all credits and debits to all accounts (assets, > liabilities, revenues, expenses.. and equity ? guess so) add up to 0. > > "ledger balance" should show a 0 grand total. Is that a trial balance > report ? I always feel it's not quite the same since we don't separate > credits and debits as strictly. > > I'd like to figure it out once and for all. Do we lose information by > using signed posting amounts, compared to traditional debit and credit > practice ? No. > Or are they literally just different notations ? > Yes. However, there are two sources of errors: - Rounding errors on transactions due to acceptable tolerance (cli accounting would be impossible without that). - The treatment of currency conversions. Beancount deals with both of these elegantly. -- --- 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 ledger-cli+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
