question on how to handle A/R's and excess cash/income
Derek Atkins
warlord at MIT.EDU
Mon Dec 29 10:24:25 EST 2008
Girard Aquino <girardaquino at hotmail.com> writes:
>> Isn't that just what happened?
>>
> Kinda. But I would like to think that imbalance would only mean anything
> when it's negative. lol.
Nope, Imbalance means you failed to assign a split correctly to an
account. That split could be a debit or a credit. This is one
of many reasons you should never use the Imbalance account for
anything.
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-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
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