diff --git a/bookkeeping.notes b/bookkeeping.notes deleted file mode 100644 index 2328bcf..0000000 --- a/bookkeeping.notes +++ /dev/null @@ -1,51 +0,0 @@ -Book Keeping Challenges / Issues - - Chart of Accounts is not sufficient - - One payment can go towards more than one charge - - One charge can be paid for by more than one payment - - Need to know: how much money does customer owe? - - Need to know: how much money has customer been charged for "Rent"? - - Need to know: how much money has customer paid towards "Rent" (nothing else)? - - - - Reverse a charge - To make charge reversal work, I'm presently issuing a credit note - (transaction) that has 3 ledger entries: - Debit charged account - Credit A/R - Debit A/R - Credit "Credit" account - Debit "Credit" account - Credit A/R - And 3 statement entries: - Reversal on charged account - Negative Disbursement on "Credit" account - Positive Disbursement on "Credit" account - - Obviously, the two "Credit" account ledger entries cancel each other - out. However, the monies need to be reversed in the A/R account, and a - previous transaction will have already performed an A/R credit and so - the two A/R credits will create an imbalance in A/R unless we move - those funds to our "Credit" account. The "Credit" account statement - entries are needed to undo any previous disbursement to the charge - being reversed, and then to re-disburse those funds to a different - charge (or possibly just a Surplus entry if no other charges exist.) - - -Question - - What should be recorded with this charge reversal? - Charge of $5 for "Parking" - Charge of $6 for "Rent" - Payment of $6 - Reverse the $5 "Parking" charge - - - What should be recorded with this charge reversal? - Charge of $5 for "Parking" - Charge of $6 for "Rent" - Charge of $7 for "Pets" - Payment of $13 - Reverse the $5 "Parking" charge - - - What should be recorded with this charge reversal? - Charge of $5 for "Parking" - Charge of $6 for "Rent" - Charge of $7 for "Pets" - Payment of $18 - Reverse the $5 "Parking" charge -