[Kmymoney-devel] Feature request

[Chris]

So what you are saying is not "don't use double entry" But "hide double 
entry from the user"

In my experience with KMyMoney it is mostly hidden.

Ultimately if any accounting system is going to be used by an accountant for 
preparing your taxes. or even if you do them yourself. The tax office 
requires double entry. At least In Aus that's how I understand it.

 > I confess I have not tried your demo

Then why are you commenting?

Perhaps its better to try KMyMoney and suggest improvements. Sweeping 
statements don't help anybody. and you might be surprised at how good 
KMyMoney actually is. But rememeber its a personal account keeping system so 
it is not designed to compete against quicken business accounting systems.

Having said that Its my goal to bridge some of that gap :)

DC

On 2/03/2014 9:20 AM, Roy O'Kelly wrote:
>
> I'm very familiar with double entry and understand the purpose. I confess 
> I have not tried your demo, but the majority of complaints I see from 
> users seem to center on the double entry menus. I would use the same entry 
> menus that Quicken, MS Money and others use. It would be one or two  lines 
> within an account that accepts the category of the expense or an account 
> name if the transaction is a transfer to/from another account e.g. a 
> transfer from checking to cash. It would also have the Payee, amount, and 
> room for a note. It would look a lot like a check.
>
> Since all accounts are reconciled against account statements any entry 
> errors in the amount are quickly caught. Admittedly, categorization errors 
> can occur, but those few errors are of questionable concern and do not 
> justify complicating (what should be) a simple data entry process.  I 
> could never (for example) get my wife to enter the same transaction in two 
> accounts. God forbid I would need to explain debits and credits. Some 
> accounting classes no longer use those terms.
>
> If you want to compete with the Quicken's of the world (and I'd like to 
> see you do that) you cannot have an entry scheme that only an accountant 
> can love.
>
> Regards,
>
> Roy
>
> *From:*Chris [mailto:DeveloperChris at rebel.com.au]
> *Sent:* Saturday, March 01, 2014 4:39 PM
> *To:* Roy O'Kelly; kmymoney-devel at kde.org
> *Subject:* Re: [Kmymoney-devel] Feature request
>
>
> Double entry is a system designed to catch errors. People still make 
> mistakes when entering data (and programming). It is still relevant in 
> today's world.
>
> I am curious. what system would you replace it with?
>
> DC
>
>
> On 2/03/2014 7:57 AM, Roy O'Kelly wrote:
>
>     You could actually have a successful product on your hands, but you
>     need to let go of double entry book keeping. The age of computers is
>     here and it just doesn't make sense for a consumer any more (if it
>     ever did).
>
>     Quicken continues to abuse their customers, there isn't a decent
>     competitor in the field. Do it!
>
>     Roy
>
>
>
>
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