Post
Topic
Board Development & Technical Discussion
nit picky accountant has probably insignificant critique of client terminology..
by
LH66
on 02/05/2011, 03:59:40 UTC
It's quite possible that this is not really all that important, but I just thought I'd share a quick observation about the client....

I notice that it refers to additions as "credits". This is not correct. Anything that increases an asset (checking account, savings account, investment accont, inventory, securities, car purchase, home purchase, etc) is a debit. Decreases to assets are credits.

If needed I can explain why. But that's the correct terminology from an accounting standpoint.

Just my .02BTC.