Re: double-entry bookkeeping unneeded?

In article <45OdnbJbR9hUOAvYnZ2dnUVZ_v-tnZ2d@xxxxxxxxxxx>,
"Nick Malik [Microsoft]" <nickmalik@xxxxxxxxxxxxxxxxxx> wrote:

"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.

I'm not about to design an entirely new accounting system from the
ground up for a Usenet post. The burden still remains on you to prove
that the existing way is more expressive than any other. An accounting
Turing Completeness, if you will. When you bother to actually address
the general issues I've already raised, then we'll have something to
talk about.

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