Firefly III is not double-entry accounting
Double-entry accounting doesn’t have much in the way of rules. But one is paramount: all debits in a transaction must equal all credits. But there is no l...
Category: Accounting
Almost have it
I always welcome it when someone tries to learn or understand something new, especially if I’ve been a source of that inspiration. Previously I responded ...
And that is not banking
Article: “And That Is Banking” Recently this article came in as a trackback to my article on fractional reserve banking. Now the author classifies t...
Integrating budgeting and accounting with GnuCash
There are a lot of approaches to budgeting and personal financial management, it seems. Some are rather complicated, while others make you wonder whether their ...
Searching for an accounting system
Over the last couple years, I’ve massaged my financial management into a very, very effective system that uses GnuCash. I’ve managed to take wide ad...
$1.5 million bullshit artist
On this blog and elsewhere, I’ve been an advocate for shedding debt. Including paying down your mortgage early. Investments are a gamble. If the percentag...
Leveraging and personal finance
Dave Ramsey definitely caters to a particular audience. That is an audience that has little control over their spending and little, if any, financial intelligen...
Accounting for Fractional Reserve Banking
Fractional reserve banking. “Creating money out of thin air”. Debasing the currency. It can certainly be a confusing concept. Banks we are told have...
Misunderstanding profit
When it comes to business reports, the concept of profit has to be one of the most misinterpreted items on a company’s balance sheet. What is it, what doe...
Why are forgiven debts treated as income?
Why are forgiven debts treated as income? After all it doesn’t really make sense: you don’t actually receive any money when debts are written off, b...
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