On Sun, Mar 15, 2015 at 1:46 PM, Kev Lau <[email protected]> wrote:
> Hi Martin, > > What do each variable mean? > > A + L + E + I + X = 0 > > A = Asset > L = Liability > E = Equity > I = ? > X ? > > Pls explain > I = Income X = Expenses > Thanks > Kevin > > > > On Tuesday, March 10, 2015 at 4:59:45 PM UTC+8, Kev Lau wrote: > >> Hello, >> I have been struggling with setting up my account structure. Appreciate >> if someone could help explain if my structure is correct here. I run a >> small supply shop that sells on credit and was wondering how I should have >> the account structured. >> The problem is that I sometime ship my products overseas because I have >> some customers abroad and I need to keep track of the credit. I also deal >> with overseas suppliers too and need to keep track of them too. I am having >> a hard time figuring out on how I should structure it. Appreciate if >> someone could share some light on this. >> >> This is what I have come up with so far:- >> >> >> ASSETS:NEWYORK:BANK:CASH >> >> EXPENSES:NEWYORK:BANK:FEES >> >> CUSTOMER:DALLAS:DAVE:PAYMENT:INVOICE:002 >> >> SUPPLIER:NEW_JERSY:TUV:PAYMENT:ORDER:002 >> >> >> Does the above seem OK for making a proper account structure? >> I once tried and got it wrong because the structure was not correct. >> >> Kindly please advise(appreciate if someone could post some examples of >> structure) >> >> Thanks >> Kevin >> >> -- > > --- > You received this message because you are subscribed to the Google Groups > "Ledger" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
