AaronFiore/plaintextaccounting
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weaken our claim to do "double entry accounting"

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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.
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Simon Michael
2016-02-17 09:53:01 -08:00
parent a6f2a37b2b
commit 6d6704c815
2 changed files with 3 additions and 2 deletions
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index.html
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@@ -49,7 +49,7 @@ Plain Text Accounting
</div>
<div class="four columns">
<h3 id="with-text">… with text</h3>
<p><strong><a href="#ledger-likes">Ledger</a></strong> and the other <strong><a href="#ledger-likes">Ledger-likes</a></strong> inspired by it are minimalist software tools for efficient double-entry accounting. This site introduces them and their way of doing things.</p>
<p><strong><a href="#ledger-likes">Ledger</a></strong> and the other <strong><a href="#ledger-likes">Ledger-likes</a></strong> inspired by it are minimalist software tools for efficient double-entry-style accounting. <!-- **[double-entry-style](https://news.ycombinator.com/item?id=10512418)** accounting. --> This site introduces them and their way of doing things.</p>
<p>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 <strong><a href="http://ledger-cli.org/3.0/doc/ledger3.html#The-Most-Basic-Entry">plain</a> <a href="http://hledger.org/manual.html#journal">text</a></strong>.</p>
<p>We simplify debits and credits by using <strong><a href="http://ledger-cli.org/3.0/doc/ledger3.html#Stating-where-money-goes">signed numbers</a></strong> instead - positive for inflows to an account, negative for outflows from an account.</p>
<p>We define arbitrary <strong><a href="http://ledger-cli.org/3.0/doc/ledger3.html#Structuring-your-Accounts">account</a> <a href="http://hledger.org/manual.html#account-names">hierarchy</a></strong> to suit our needs. This scales smoothly from simple to complex scenarios, and from high-level overview to fine detail.</p>