> No more confusing debit / credit / asset / liability mumbo jumbo How is separating what you have (assets/liabilities) from your revenues/expenses confusing?

> No more confusing debit / credit / asset / liability mumbo jumbo How is separating what you have (assets/liabilities) from your revenues/expenses confusing? It's basic tools to get a view of the profitability vs the Balance sheet (what the company owns) vs the cash flow. The idea of looking at it in terms of transaction is interesting, I recommend looking at https://martin.kleppmann.com/2011/03/07/accounting-for-computer-scientists.html https://martin.kleppmann.com/2011/03/07/accounting-for-compu... for a good take on this idea. Edit: typo