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Reply #22: double entry accounting=one database [View All]

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ItsThePeopleStupid Donating Member (179 posts) Send PM | Profile | Ignore Mon Jun-14-04 12:56 PM
Response to Reply #18
22. double entry accounting=one database
You are misinformed about double entry accounting, which is one database, many accounts (e.g., accounts receivable, cash on hand, inventory, etc.). What Bev found was analagous to two sets of books, as if you had two accounts receivable accounts, two cash on hand accounts, etc.

When you do data entry, you always save the source documents. Think of having a paper trail as saving the source documents. Two (almost) independent systems, and each one keeps the other honest.

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