Hi all, I was reading the handbook and have a question.
"As with GnuCash, data is entered in the form of transactions, each generally consisting of 2 or more split entries. In fact, valid GnuCash transactions will always contain at least 2 splits, and to conform to GnuCash's double-entry bookkeeping standard, these must be in monetary balance (i.e., they must balance out to zero). KMyMoney encourages, but does not enforce, this standard, but any imported transaction which is not balanced will be marked in the ledger view as having a problem." That is under the section, balanced transactions. https://docs.kde.org/trunk5/en/extragear-office/kmymoney/details.impexp.html I want to know, why doesn't KMyMoney adhere to the same standard, that the monetary value must balance to zero? Double-entry accounting rules, should be standard, no? I am also wondering, while on a similar topic, why KMyMoney does not regard expenses and income as accounts instead of expense categories. Then just make everything a transfer. For example, I could see having a list of accounts like so: Expense Account: Dinning And Categories: - Fast Food - restaurants I want to use KMyMoney but I want to make sure it is adhering to all the best financial practices. Treating personal finances like business finances, same balance sheet reports, cash flow reports and profit loss reports, is not a bad idea. The current cash flow report is not really doing what a cash flow report should do. That report is extremely valuable for people to better their financial situation. Until KMyMoney is ready for business use, I don't think it needs the extra customer, jobs and vendor support. KMM is a great product! Thanks for all of your outstanding work. Let me know your thoughts! Thanks, JV
