Comment by journal
I have a few ideas in the works for accepting contributions that I will iron out in the coming days. I have some breaking changes in the works to make the journal more reliable and testable. The current implementation requires deep understanding of my vision.
AFAIK, North Korea, Russia, and United States, all have the same five accounts types and require double-entry.
This truly is a mission to rebuild an institution. My goal is to educate a new generation of accountants. The kind who can produce any report from raw journal entries and who can add new features to the journal.
Parent-child relationships help with reporting, but I notice the need to include parent-child relationships almost everywhere; locations, items (products/services), chart-of-accounts, users, tasks, etc.
I've not touched reporting because I know it will be easy to do.
If I get the journal, accounts, and transactions right, the rest is easy street.
One thing to mention at this time is that I don't see a need to manually enter journal entries. I'm ready to catch flack for saying this, but maybe... idk. Still in R&D phase.
Lack of manual journals would be a non-starter, I am actually not clear how a business could possibly run their books without manual journals.
An example: you make something that uses 5 inputs. I have inventory and cost of goods sold accounts for each of those inputs, but my invoices out to customers only reference the final product. This is where ERPs add insanely complex inventory management solutions. However, the simple way to deal with it instead is to use a manual journal to reconcile your inventory and cost of goods sold accounts monthly or however often you like.