| *** garrison_ has joined #npoacct | 00:30 | |
| *** bkuhn has quit IRC | 02:10 | |
| *** garrison_ has quit IRC | 02:16 | |
| *** garrison_ has joined #npoacct | 04:40 | |
| *** joar has quit IRC | 06:40 | |
| *** nesciens has joined #npoacct | 12:57 | |
| *** bkuhn has joined #npoacct | 13:06 | |
| *** bkuhn is now known as bkuhnIdle | 13:11 | |
| *** bkuhnIdle is now known as bkuhn | 13:49 | |
| *** joar has joined #npoacct | 13:55 | |
| *** ChanServ sets mode: +o joar | 13:55 | |
| *** nesciens has quit IRC | 14:10 | |
| joar | bkuhn: hello! | 17:37 |
|---|---|---|
| joar | I haven't gotten to much the last few days | 17:37 |
| joar | I'm going to look at the fund accounting use case for the existing projects | 17:38 |
| joar | bkuhn: is double-entry accounting a UseCase/requirement too? | 17:43 |
| bkuhn | joar: defintley | 17:43 |
| joar | I would have guessed so, but I'm not sure of the <reason> part | 17:44 |
| joar | is it required by some kind of law or best practise, or is it simply the implicit norm for bookkeeping? | 17:45 |
| bkuhn | oh, reason is easy: in the USA, any bookkeeping system that isn't double-entry would likely not be considered appropriate GAAP | 17:52 |
| bkuhn | you can link GAAP to http://en.wikipedia.org/wiki/Generally_accepted_accounting_principles | 17:53 |
| bkuhn | GAAP is an odd thing. | 17:53 |
| bkuhn | It's not the "law" | 17:53 |
| bkuhn | but accountants would tell the IRS "we think something bad is going on" if you didn't follow GAAP | 17:53 |
| bkuhn | Also, GAAP isn't a list of rules. | 17:53 |
| bkuhn | It's basically 'rough consensus' of accountants | 17:53 |
| bkuhn | So, it's somewhere in between "implicit norm" and the "law" | 17:54 |
| bkuhn | in the sense that you'd probably loose your non-profit status from the IRS if your auditors said you weren't following GAAP | 17:54 |
| joar | I see | 17:56 |
| joar | that's a concrete <reasone> | 17:56 |
| joar | we could even leave it as implicit | 17:56 |
| bkuhn | joar: nah, go ahead and add it! | 18:22 |
| joar | will do | 19:15 |
| *** garrison_ has quit IRC | 19:22 | |
| *** garrison_ has joined #npoacct | 19:58 | |
| *** garrison_ has quit IRC | 20:20 | |
| *** garrison_ has joined #npoacct | 20:45 | |
Generated by irclog2html.py 2.12.1 by Marius Gedminas - find it at mg.pov.lt!