Re: money/quicken/?
On Sun, 2003-08-24 at 11:49, Alex Malinovich wrote:
...
> You do, of course, realize that Quicken uses a double-entry system as
> well right? It's just not quite as obvious. You know how you assign all
> of those categories to expenses in Quicken? THAT's double-entry! Every
> debit in one account is a credit in another. So when you debit $20 from
> your checking account, you also credit $20 to your Expenses:Auto:Gas
> account. Simple. :)
Ah ha! That's what double-entry is, it makes *so* much sense now. Good
thing Quicken does it transparently, or people would never balance their
books.
Thank for the explanation.
Signed,
Grateful.
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