GNUCash Useability

[Maf. King]

I think that Gour had his tounge firmly in his cheek when he made the comment 
about double entry.... I took his post to be humourous, anyway.

0.02
Maf.

On Tue 13 March 12 18:41:32 Mike or Penny Novack wrote:
> Mark Phillips wrote:
> >It may be hard to believe for some folks on this list, but not everything
> >in life requires double entry accounting.....;)
> >
> >Mark
> 
> Of course not everything in life requires double entry bookkeeping.
> 
> But keeping a set of books according to standard accounting practice
> does. So if you operate a business or an organization, have to file
> reports with governmental agencies (and perhaps be audited) then you do
> require double entry bookkeeping.
> 
> It should perhaps be noted that the need (for other purposes) has become
> less only with the aid of the computer. Trust me, if you were still back
> in the age of trying to keep financial records pen and ink on paper
> without the aid of  "double entry" you'd have little chance of being
> able to detect and correct errors. That wasn't all that easy even with
> double entry and you had to know lots of tricks/ rules of thumb like "if
> the out of balance is divisible by nine ....." (look for a possible
> shift error).
> 
> When I selected gnucash that was a choice of WHICH double entry
> bookkeeping software our organization would use. Not WHETHER double
> entry as otherwise not satisfying legal requirements.
> 
> Michael D Novack, FLMI