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One Number I Trust: Plain-Text Accounting for a Multi-Currency Household

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Re: One Number I Trust: Plain-Text Accounting for a Multi-Currency Household

#91

Post by simonmic »

twodave wrote: post #84

I didn’t think negative amounts were a real thing in double-entry accounting? Instead some things are debits and others are credits, and whether each of those reduces or increases an account balance depends on the type of account it’s against. Like, you could pay an expense out of a debt account, which would increase the debt, or out of a cash account, which would decrease the cash. Debits and credits should still be…

Think of it as an intuitive alternate notation. + means debit, - means credit.

Re: One Number I Trust: Plain-Text Accounting for a Multi-Currency Household

#92

Post by twodave »

simonmic wrote: post #91
twodave wrote: post #84

I didn’t think negative amounts were a real thing in double-entry accounting? Instead some things are debits and others are credits, and whether each of those reduces or increases an account balance depends on the type of account it’s against. Like, you could pay an expense out of a debt account, which would increase the debt, or out of a cash account, which would decrease the cash. Debits and credits should still be…

Think of it as an intuitive alternate notation. + means debit, - means credit.

But not always. In a liability account, - means debit. And whether you show the balance itself as a positive or negative can be situational. I just find it more confusing for no good reason tbh. This is like intro to accounting stuff anyone would learn in college.

Re: One Number I Trust: Plain-Text Accounting for a Multi-Currency Household

#93

Post by StopDisinfo910 »

BeetleB wrote: post #90
StopDisinfo910 wrote: post #86

Earlier quoted context omitted.

Top 5% earner, we are talking at least 350000$ a year. That's a lot of coffee.

No one in this thread is saying coffee is the reason. They're saying the little things add up. Coffee alone isn't a lot. Eating out alone isn't a lot. A cozy warm temperature in the house in a cold climate isn't a lot. Adding all of it together is too much. So you set the thermostat lower by 3 degrees. Pack lunches two to three days a week and cut down the coffee a certain percentage etc. Cutting any one thing out al…

> Adding all of it together is too much. So you set the thermostat lower by 3 degrees. Pack lunches two to three days a week and cut down the coffee a certain percentage etc.

Yes, I understand, I'm not stupid. I'm sure you can understand what's implied by my comment. I am saying all of that together is a ridiculous amount for a top 5% earner once summed.

We are not talking scrambling family of four here. At some earning level, difficulty paying the bill is nearly always structural.

It annoys people because it's easier to cut a cup of coffee than to admit you over mortgaged and the solution is obviously far less simple.

Re: One Number I Trust: Plain-Text Accounting for a Multi-Currency Household

#94

Post by kravosecdonna »

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