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Home book keeping for the compleat Fetchie

8 watchers
GregP
GregP
Aug 2022
11:58am, 19 Aug 2022
138,469 posts
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GregP
And do I end up with millions of columns? Or if I buy a widget and a whatnot both on interest free credit can they both go in the same (liabilities?) column?
GlennR
GlennR
Aug 2022
12:08pm, 19 Aug 2022
65,070 posts
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GlennR
You wouldn’t end up with millions. Even the University system, which was devised by a pack of feral cats on acid, has less than a thousand.
GregP
GregP
Aug 2022
12:10pm, 19 Aug 2022
138,475 posts
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GregP
But one per 'loan', for want of a better phrase? And do the same to account for the credit cards that ignore because they're too hard? Okay. Think I'm getting there.
GregP
GregP
Aug 2022
12:12pm, 19 Aug 2022
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GregP
And I can have multiple nominal accounts ('pots') in one actual account? So my Goldman Sachs account can notionally be comprised of the 'going Spurs' fund, the 'sports kit' fund and the 'just in case' fund? And they are three columns that just happen to be in the same physical account?
GlennR
GlennR
Aug 2022
12:13pm, 19 Aug 2022
65,071 posts
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GlennR
Trying to learn double entry from a book is a PITA.

There is a For Dummies book on the subject. You could take a look and then maybe we could Zoom?
GregP
GregP
Aug 2022
12:19pm, 19 Aug 2022
138,482 posts
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GregP
Cheers bud. Yes, thanks.
GregP
GregP
Aug 2022
1:03pm, 19 Aug 2022
138,485 posts
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GregP
I just asked Alexa to tell me about double entry bookkeeping.

Apparently it’s the largest city and capital of Ireland.
ChrisHB
ChrisHB
Aug 2022
1:08pm, 19 Aug 2022
21,874 posts
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ChrisHB
Why not spend the many hours you are thinking of wasting on book-keeping by stacking supermarket shelves and thus relieve any desperate need to know where your money is going?
GlennR
GlennR
Aug 2022
1:13pm, 19 Aug 2022
65,078 posts
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GlennR
Greppers does have a real job you know.
Diogenes
Diogenes
Aug 2022
1:31pm, 19 Aug 2022
72,186 posts
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Diogenes
As you know, I have a book I recommend on double-entry bookkeeping, perhaps it is time for a re-read?

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Maintained by GregP
Be gentle, for I am just a simple soul.
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