Here is and update from couple of years ago.
previously there was discussion about the frame work of this.
if I did all these out, is there a place on the documentation site we
can put them to save a lot of re discussion.

David E. Jones sent the following on 9/23/2005 4:16 PM:
> 
> Update: Accounting/GL Now in Beta Testing
> 
> The Open For Business Accounting and General Ledger (GL) application is
> now moving into beta testing. Currently, it can  support the accounting
> needs of most product-retail businesses that use Open For Business,
> including:
> 
>    * Support for multiple organizations and multiple currencies
>    * Setting up chart of accounts with unlimited depth
>    * General Ledger posting for most key business processes
>    * Financial reports including trial balance, income statements, and
>      balance sheets
>    * Screens to create and manage both Accounts Receivable (AR) and
>      Accounts Payable (AP) invoices and payments
>    * Screens for managing tax liabilities across multiple  jurisdictions
>    * Administrative features such as periodic closings
>    * Flexible entry and maintenance of payments and invoice (including
>      application payments to invoices, etc)
>    * Export to outside accounting applications (QBXML for  QuickBooks is
>      included)
> 
> This application is fully integrated with the rest of OFBiz,  including
> ecommerce, Point Of Sales, order manager, and facilities  manager.  It
> drops into your hot-deploy/ directory and runs right  away.  If you need
> other accounting-related features, such as  payroll, it is fairly easy
> to develop a plug in for it.
> 
> If you would like to learn more about the GL application, there is a
> video from the St. Louis Users' Conference
> (http://www.ofbiz.org/VideosConf.html) and an online demo
> (http://www.opensourcestrategies.com/ofbiz/demos.php).
> 
> How to Make it Open Source
> 
> The Accounting and General Ledger is developed under a community funding
> model. The idea is to get community funding to help cover the cost of
> developing a large, complex application. We think this is a very fair
> user-driven model because it can produce open source software with
> either a large number of small contributors or a small number of larger
> contributors. As an added incentive, those who contribute over $3,000
> can begin to use the application immediately and benefit from all its
> features for a fraction of the cost of in-house development.
> 
> We've currently received sponsorship for about half the development
> costs ($26,000 out of about $50,000) and require another $24,000 to
> reach our goal and release it under an open source license. This means
> that we can get there with just eight user-contributors with $3,000 each
> or, alternatively, a hundred contributors of under $250 each.
> 
> -Si Chen
> -David E. Jones
> 
> P.S. Special thanks to all who have contributed labor and funds to this
> effort, including: Open Source Strategies, Undersun Consulting, Ant
> Websystems, Masterfile Corp, and others.
> 
> 
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> 
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