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Re: Thoughts on Voiding Invoices

On Fri, 2006-09-22 at 09:26 -0400, Alejandro Imass wrote:
> I second this. But we must always look at the business issues also. In
> many places the VAT is paid to the govt every month so there is no way
> you can void an invoice after that.
In Australia VAT (known as GST here: Goods and Services Tax) is
reversable, ie you claim it back.
> > At some point, we probably also want database-level controls on
> > closing of books, so that one is not allowed to post *any*
> > transactions to dates prior to the date when the books were closed.
There are many business/best practice/accounting rules that probably
ought to be fired by database triggers.