From 6d6704c815908ff62e7e6f5ead1a0ccfdcf9c013 Mon Sep 17 00:00:00 2001 From: Simon Michael Date: Wed, 17 Feb 2016 09:53:01 -0800 Subject: [PATCH] weaken our claim to do "double entry accounting" We (h/ledger, anyway) don't distinguish types of posting amounts (debit, credit) and accounts (balance sheet, income statement), so in some sense we do "less type-checking" than traditional double-entry accounting. Changed it to say "double-entry-style", though stopped short of linking the relevant comment. --- index.html | 2 +- index.md | 3 ++- 2 files changed, 3 insertions(+), 2 deletions(-) diff --git a/index.html b/index.html index 7b5f2bc..ff0c741 100644 --- a/index.html +++ b/index.html @@ -49,7 +49,7 @@ Plain Text Accounting

… with text

-

Ledger and the other Ledger-likes inspired by it are minimalist software tools for efficient double-entry accounting. This site introduces them and their way of doing things.

+

Ledger and the other Ledger-likes inspired by it are minimalist software tools for efficient double-entry-style accounting. This site introduces them and their way of doing things.

Accounting data is valuable; we want to know that it will be accessible for ever - even without software. We want to know when it changes, and revision-control it. We want to search and manipulate it efficiently. So, we store it as human-readable plain text.

We simplify debits and credits by using signed numbers instead - positive for inflows to an account, negative for outflows from an account.

We define arbitrary account hierarchy to suit our needs. This scales smoothly from simple to complex scenarios, and from high-level overview to fine detail.

diff --git a/index.md b/index.md index f22e014..85ac9e7 100644 --- a/index.md +++ b/index.md @@ -35,7 +35,8 @@ Transactions consist of ### … with text **[Ledger](#ledger-likes)** and the other **[Ledger-likes](#ledger-likes)** inspired by it -are minimalist software tools for efficient double-entry accounting. +are minimalist software tools for efficient double-entry-style accounting. + This site introduces them and their way of doing things. Accounting data is valuable;