On Thu, Mar 7, 2019 at 9:16 AM Chary Chary <chary...@gmail.com> wrote: > > Richard, > > yes, thanks for your patience. Sorry if I did not express myself correctly > initially. You got me right with small corrections. I want: > - a single report - that shows the change in your assets and Liabilities > between two points in time > This report is called 'Net Worth' using GAAP terms. Used by businesses all the time. > > I need to study more all these Leger's options. > It seems to be really powerful tool, but not straightforward. I think to > understand ones needs to know internal data representation of the tool, what > it does and how it presents data internally. > I agree with the first part of your sentence. The second is perhaps not accurate. Excellent accounting information is highly complex. Check out forward cost accounting for product development if you want to have a lot of 'fun'. Often that innate complexity of accounting is what is being reflected by ledger . The logic is simple - - as is that for 'record keeping' but that doesn't mean that the process nor the use is. I find that's why some people get someone else to do this - - - its easier to just use the final reports. (Making sure that these reports are accurate is quite another job though!)
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