On Thu, Mar 22, 2018 at 10:06 AM, Dániel Fancsali <[email protected]>
wrote:

> Well,
>
> To be honest, it's a rather long read, but I really do recommend to read
> the docs, it's really an eye-opener: https://www.ledger-cli.org/3.0/doc/
> ledger3.html
>
>  At least, it was for me, it was, as I didn't really know where to start
> with accounting, and I couldn't really even ask a decent question. ;)
>
>

IMO that's the biggest problem faced by most people. The fundamental issue
is that we think that what we are doing is 'accounting' rather it is
'record keeping'.
Many years ago I remember looking at a fellow student's correspondence
course in record keeping and further I looked into some of the standard
texts, that helped some things a lot.

Secondly I have a solution for the OP.
I live where GIFI (general index of financial information) codes are
required in the formal filing of taxes.
For me the 4 digit codes just didn't have enough granularity so I modified
the system to work for me.
Instead of 4 digits I use a system that has 10 digits looking like this
xxxx.xx.xx  .
The first 4 digits are either directly the gifi codes or one of the not
used numbers that gives me some more hooks for hanging my information.
I'll give an example:
1002 is for bank accounts (cash accounts IIRC)
1002.xx where xx details the financial institution in question (I use more
than 3 - - - grin!)
1002.10.xx where the xx details the type of account (checking, saving,
borrowing, credit card(s) and any other option you might want)
1002.10.10.xx this last duple is where I specify the actual account (easy
to have multiple savings accounts and credit cards at least)

Then when I want to do a report (at least I think I can get totals) I can
call for the specific account, that type of account at that instituion, or
the institution or the whole class.

Very flexible although I have a 38 page cheat sheet listing all the codes
and their 'text' meanings and the numbers.

In practice I am finding this very quick and yet very precise - - - works
well for me!

Dee

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