REVERSING ACCOUTING

[Mike or Penny Novack]

On 4/22/2017 3:17 AM, Herman Dekker wrote:
> I do not understand why you have to use reversing accouting?
> I guncash you can always go to one old transaction and change
> All you want to change. I have found this easy to use, but also obscure.
> I used before one accouting program, there it was impossible to change
> transactions. The goverment control for taxes, does not like a system where
> you can change transactions. Not corruption proof.
> This only for info.
> Regards HermanD
You don't HAVE to. Gnucash is not enforcing that accounting discipline. 
It is simply proper according to accepted accounting standards. Which is 
why what you were previously using (supposedly*) made it impossible to 
simply change transaction.

So for informal personal accounting, go ahead and alter transactions. I 
will say that for the books I keep for organizations, I make corrections 
with properly annotated correcting (reversing) transactions.

Michael D Novack

* That government a trifle naive. I have no doubt that a really 
experienced programmer/analyst like myself could figure a way around 
that (and probably NOT having to look at/alter the program code -- but I 
am NOT going to discuss the "trick" I am almost certain would work)