4 ms·

You'd probably still want a ledger there, if you're trading physical goods. That way you can correlate confirmed receipts on both ends of whatever cards were tr

• hga 12y ago
  No probably. Presumably you're doing this for a cut of the action, so that's income on one side, then there's your out of pocket costs to run the system etc. Knowing how these two compare can tell you all sorts of things, including how much you can safely take out for yourself if things are going well enough, vs. knowing you'll have to pay next month's co-lo fees out of your pocket. Now, of course, at that level something as formal as a general ledger isn't quite required, but you still need to do the same things in e.g. watching the organization's bank balance.
  • hawkice 12y ago
    I am admittedly a bit of an accounting fanboy, and may jump to more rigorous tracking of things I control or are accountable for than is needed. For instance, upon discovering a large portion of the intelligence funding in the United States is "off-budget", I was concerned about their financial rigor (your budget should include all the things you spend money on -- it's odd to think the US Government is quite a few steps and security clearances away from being able to answer "How much do you spend on pens a year?")