[GNC] journal entries
Fred Bone
Fred.Bone at dial.pipex.com
Tue Aug 13 05:40:09 EDT 2019
On 12 August 2019 at 12:57, Mike or Penny Novack said:
> On 8/12/2019 12:45 PM, Clint Chaplin wrote:
> > This is also similar to NetSuite, which is an on-line double entry
> > bookkeeping service, and where "journal entries" are a special case
> > transaction, even though by definition everything is really a journal
> > entry.
> >
> It is definitely a terminology confusion.
>
> In the old days, especially with "cash book" accounting*, a "journal
> entry" referred to a transaction that was not affecting any of the cash
> accounts. So mainly corrections and adjustments (example: recording
> depreciation).
>
> It has no real meaning in a "virtual journal" system like gnucash.
Indeed. But what is the meaning in the systems being referred to in this
thread? The matter will undoubtedly arise again.
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