On 03/03/14 03:53, Chris Travers wrote: > Ok, this may seem a little long-winded but it might be worth providing > a basic introduction here. We try to keep relatively close to the > paper world because the techniques of paper accounting are robust, > transparent, and time tested. > > In the paper accounting world you have journals and ledgers. The > journals are where you enter your transactions and the ledgers are > aggregations of what was entered. The general ledger is thus the > financial side of your books aggregated from all your journals > (general, sales, purchase, payroll, receipts, disbursements, etc). > You may have various special ledgers as well (showing such things as > inventory or share ownership). > > This distinction is blurred in the software world but it is still a > useful distinction to keep in mind. Stuff gets entered into journals. > It gets presented in ledgers. We are moving more towards this > approach with the financial rewrite I am hoping to complete for 1.5. > > The big thing missing from the general journal/ledger is an ability to > connect directly to any other information. So for a few directors or > banks who loan money, you can track who is owed using separate chart > of accounts entries. Misc expenses might be ok too as long as you > don't have to track who the money was owed to and they are paid at the > same time they are accrued. However for expenses, I would just go > with AP transactions against a generic vendor if they are paid right > there. This helps ensure that your AP reports show the expenses.
So just to clarify, I would say set up a vendor for one offs, and post a purchase order against that? How would I then pay the person who had incurred that expense on behalf of the company? (Sorry for being a bit slow on the uptake, I am also reading a book on book keeping as well as reading the manual) OK, but could we get an expenses claim form integrated into the system somehow in a future version, so that it would record a debt owed to an employee who had gone and bought something, to be reimbursed from either a bank to bank or petty cash payment? Kind regards Benedict White ------------------------------------------------------------------------------ Subversion Kills Productivity. Get off Subversion & Make the Move to Perforce. With Perforce, you get hassle-free workflows. Merge that actually works. Faster operations. Version large binaries. Built-in WAN optimization and the freedom to use Git, Perforce or both. Make the move to Perforce. http://pubads.g.doubleclick.net/gampad/clk?id=122218951&iu=/4140/ostg.clktrk _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
