Transactions consist of debits (increases to asset or expense accounts, or decreases to liability or equity accounts) or credits (decreases to asset or expense accounts, or increases to liability or equity accounts).
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.
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.
diff --git a/index.md b/index.md index f1882dc..6b9cf46 100644 --- a/index.md +++ b/index.md @@ -29,7 +29,7 @@ equity accounts).