Re: Chart of Accounts

On Tue, Oct 14, 2008 at 5:07 PM, justin <justin(at)emproshunts(dot)com> wrote:
> because a credit account is a liability account aka a negative account so
> credit a credit account causes it to go UP not down.

As you say, "a negative account". Our liability accounts go further
down when credited. I work with accountants all day, and this is what
they expect.

Of course either approach works, but I've come to prefer the single-column one.

> Isak Hansen wrote:
>
> On Mon, Oct 13, 2008 at 2:57 AM, justin <justin(at)emproshunts(dot)com> wrote:
>
> [...] Also you want to split out the debit and credits instead of
> using one column. Example one column accounting table to track values
> entered how do you handle Crediting a Credit Account Type. is it a negative
> or positive entry???
>
>
> How is crediting a credit account different from crediting any other
> account?
>
> YMMV, but I think a single amount column makes for a more consistent design.
>