[Fwd: Re: [Fwd: Thoughts on payment handling in 1.4.x]]

["Joshua D. Drake" <..hidden..>]

-------- Original Message --------
Subject: 	Re: [Fwd: [Ledger-smb-devel] Thoughts on payment handling in
1.4.x]
Date: 	Fri, 27 Apr 2007 06:49:56 -0700
From: 	David Kawasaki <..hidden..>
To: 	Joshua Drake <..hidden..>
References: 	<..hidden..>



If I understand what being asked, I would concur, payments should be in
a separate journal...typically cash disbursements. The basic journals
would be:

    * General
    * Cash disbursements
    * Cash receipts
    * Sales
    * A/R
    * A/P

Beyond that would depend upon the needs of the client.


ALTEN SAKAI & COMPANY LLP
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 >>> "Joshua D. Drake" <..hidden..> 4/26/2007 4:06 PM >>>
Do you have any thoughts on the below?

-------- Original Message --------
Subject: [Ledger-smb-devel] Thoughts on payment handling in 1.4.x
Date: Thu, 26 Apr 2007 16:01:36 -0700
From: Chris Travers <..hidden..>
Reply-To: Development discussion for LedgerSMB
<..hidden..>
To: Development discussion for LedgerSMB
<..hidden..>

Hi all;

I have been thinking a great deal about the data organization of
financial transactions for 1.4 even though we are not there yet.  I
think we can all agree we need to have a central table which tracks
every financial transaction and which other tables may join to.  I
would propose that this table should be equivalent to the General
Journal of paper-based accounting systems and it would replace the
current gl table.

In most cases, the journal table would be very similar in structure to
the current GL table, but I have one question:  should we give
payments their own journal entries?  I would think the answer would be
yes, and then have a table which handles the many-many relationship
between payment entries and other entries.

What do other people think?

Best Wishes,
Chris Travers

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