| Art Alexion on 3 Feb 2010 10:00:49 -0800 |
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On Wednesday 03 February 2010 12:37:53 Carl Johnson wrote: > I just wanted to throw this out there for those that don't know. > Quickbooks and some other common bookeeping softwares DO NOT meet > federal auditing standards. > My understanding is that the reason is that QB uses an income/expense model instead of a credit/debit model. I'm not an accountant, but that shouldn't matter for most small businesses. Accountants I have spoken with have a love-hate relationship to it. It doesn't "see things" the way they were trained (credit/debit) but most of their customers use it and the standard customer package has an accountant export that allows customers to export an accountant copy. The accountant twiddles with that and returns it to the customer who re-imports the accountant's changes. This part the accountants like. The other reason they insist on customers using it is that they don't want to implement more than one other system in their office. Back on topic, if there was only an open document bookkeeping format that all bookkeeping software used, it wouldn't matter to the accountant which app you used with it. I really think the Open Source community should be emphasizing open data formats over open source applications and systems. I don't suggest abandoning applications and systems, but switching emphasis. If everyone insisted on open data formats, the applications and systems would see a consequent surge in adoption, because the app you used would no longer be dictated by the format you needed to share. my 2 cents. -- Art Alexion Attachment:
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