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There seems to be an accounting equivalent of Greenspun's tenth rule: "Any sufficiently complicated financial reporting system contains an ad-hoc, informally-s
by elbasti 10y ago
There seems to be an accounting equivalent of Greenspun's tenth rule:
"Any sufficiently complicated financial reporting system contains an ad-hoc, informally-specified, bug-ridden implementation of double-entry accounting."
It's such a powerful yet simple way of thinking about money that anyone who builds a billing or accounting system should be intimately familiar with it.
- icebraining 10y agoAgreed; it's unfortunate that explanations are often filled with accounting jargon that obscure its advantages. The concept itself is awesome, and avoids so much pain down the line.
- hcarvalhoalves 10y agoRelated, might be interesting: "Building a powerful double-entry accounting system" -> https://www.youtube.com/watch?v=aw6y4r4NAlw https://www.youtube.com/watch?v=aw6y4r4NAlw