Jesus, On Sonntag, 28. April 2019 18:00:55 CEST Jesus Varela wrote:
> 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? In fact it does exactly that. > Double-entry accounting rules, should be standard, no? Yes. > 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. We call them category but under the hood they are accounts. > For example, I could see having a list of accounts like so: > > Expense Account: Dinning > And Categories: > - Fast Food > - restaurants In that sense, KMyMoney does not support categories. > 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. That's exactly what KMyMoney does (or at least tries to do) > 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. That could well be. If you have some idea how to improve that are, please provide a proposal. > Until KMyMoney is ready for business use, I don't think it needs the extra > customer, jobs and vendor support. I am not aware that there are specific business related features built into KMyMoney. > KMM is a great product! Thanks for all of your outstanding work. Thanks for the feedback. -- Regards Thomas Baumgart https://www.signal.org/ Signal, the better WhatsApp ------------------------------------------------------------- 'Knowing a computer language is neither a necessary nor a sufficient condition to know how to construct a computer program' -- J.R. Tyrer -------------------------------------------------------------
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