![]() So I am thinking making open source accounting book free repository for the product just like GitHub did previously. Also just like software, I believe many of the orgs can benefit from open sourcing their financial data, like no-profits or government. ![]() There are many interesting workflow we can bring into the system, such asĪnd many other interesting aspects. Shameless self-promoting here, yesterday I just launched the service in very early stage of open beta:īasically the idea is, as a software engineer, I believe accounting book can be automated like how we build software. I then decided to make a service for it a while back. I wonder why nobody build a service make it like GitHub but for Beancount and automate lots of stuff. I really enjoy using Beancount + Git for managing the accounting book for my own startup company, but I found it a bit tedious to add entries periodically. There is merit to text based bookkeeping, but don't create a world that is so free form and mutable that it loses it meaning and connection with the real world. If a mistake is made, then a reversing or adjusting entry is made.¹ Generally, accounting systems use a system of cumulative, immutable journal entries. Imagine getting a business loan based on your Balance Sheet and Income Statement but later being unable to reconstruct how those were produced. If all of the data is mutable all of the time, its evidentiary value is low (for example, the IRS gives more weight to "contemporary" evidence than to records constructed or altered after-the-fact).Īnother reason to freeze, snapshot, or close your books is to not lose the support and detail behind any financial statements you've produced. The notion behind "accountants don't user erasers" is that like a blockchain, you're creating a trail of evidence. Accountant here: Recommend using Beancount with version control on your data so that you can take snapshots at various points in time.
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