[moneydance] Help !! Please tell me I'm crazy !! or dumb or..

Fuzzy Fox fox at foxtaur.com
Mon Mar 3 14:44:49 EST 2008


Katahdin <MoneyDance at intermod.net> wrote:
>
> First, a simple lesson in accounting. Moneydance uses the double
> entry method of accounting. This means that there is a link between
> accounts, so when money goes somewhere, one account should increase
> and another should decrease.

I don't see how what you've described above is contradictory to what
I've said, or how Moneydance works.

Asset accounts normally have positive balances, Liabilities normally
have negative.

When your asset increases in value, it does so at the expense of a
liability account.  When the asset goes up $1000, the liability goes
down, by -$1000.  This is exactly what I described in my previous
message, but you seem to be trying to say that it's wrong.  Can you
point out the flaw?

-- 
 Fuzzy Fox <fox at foxtaur.com>
  "Why a man would want a wife is a big mystery to some people.
   Why a man would want two wives is a bigamystery."


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