Re: double-entry bookkeeping unneeded?

topmind wrote:
Thomas Gagne wrote:
<snip>
That is what I was asking. I was not sure if the criticism of my
suggestion was from a legal standpoint or an implementation standpoint.
Thus, I commented on both possibilities rather than play 20 questions.
GAAP highly recommends double-entry book keeping. Even in practice, it is a good tool for financial OLTP systems to make sure nothing is accidentally recorded to the system that doesn't balance. After all, we don't want someone increasing their account balance if there wasn't a source of funds involved, would we?


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