Re: double-entry bookkeeping unneeded?

"Doc O'Leary" <droleary.usenet@xxxxxxxxxxxxxxxxxx> wrote in message
news:droleary.usenet-548CFE.07022430122006@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In article <nYCdnXTcTrYAtwvYnZ2dnUVZ_s2vnZ2d@xxxxxxxxxxx>,
"Nick Malik [Microsoft]" <nickmalik@xxxxxxxxxxxxxxxxxx> wrote:

The problem with this system is that you will end up with arbitrary parts
of
transactions that don't make any sense.

No, the problem is that your system has already discarded too much
information from the start.

Example:
transaction 12345
debit $10,000 from cash receipts
debit $2,000 from credit-memo
debit $1,000 from marketing program
credit $900 shipping
credit $1200 sales incentive
credit $9,800 inventory
credit $1,100 revenue

What a terrible example. Look, yes, that low level of detail might have
made sense before we had computers but the fact is we have systems that
can deal with billions of objects and cross reference them with ease.


this is a typical example. Without changing the business, show me how you
would represent it.


--
--- Nick Malik [Microsoft]
MCSD, CFPS, Certified Scrummaster
http://blogs.msdn.com/nickmalik

Disclaimer: Opinions expressed in this forum are my own, and not
representative of my employer.
I do not answer questions on behalf of my employer. I'm just a
programmer helping programmers.
--


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