TikiWiki 27 - Accounting
Hi
I've had a brief play with this and there are a couple of things that make the current setup not very workable.
The workflow assumes that a business creates a set of "Books" at a certain point in time and then creates a chart of accounts before entering transactions and then "closing" the books at some point in the future and restarting another set of "Books" for the next period.
This workflow doesn't make sense for a couple of reasons.
The chart of accounts is eternal, therefore they should exist outside of the periods of transactions and not setup every year.
Also siloing transactions into time periods makes them distinct rather than occurring in a continuum.
Appreciate that this is not meant as a replacement for Xero or QuickBooks, but the semantic model doesn't work as it is, at least for me.