GNUCash Useability

[Mark Phillips]

My comment about life and double entry book keeping was meant to be a
humorous retort to Gour's -100 comment.....I had hoped the winking smiley
would have be sufficient to indicate it was meant only as humor, and not a
criticism of GnuCash. I will refrain from humorous comments in the future.

Mark

On Tue, Mar 13, 2012 at 4:49 PM, Maf. King <maf at chilwell.net> wrote:

>
> 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
>
>