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Contact Us Post Here to Contact Site Administrators and Moderators Bits - The Unix and Linux Forums (Experimental) Virtual Currency Post 302318321 by Neo on Thursday 21st of May 2009 09:58:05 AM
Old 05-21-2009
Quote:
Originally Posted by joeyg
Can the banking function be explained?
Why move checking <-> savings?
Savings accounts pay interest, current around 0.50% interest every 30 days, which is approximately 6% per year.

Checking accounts do not pay interest and are where you are paid (receive and send) Bits from system activity (posting, moderating, creating threads, voting on polls, etc.) and from Bits received/sent from/to other members.
 

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LedgerSMB::DBObject::EOY(3pm)				User Contributed Perl Documentation			     LedgerSMB::DBObject::EOY(3pm)

NAME
LedgerSMB::DBObject::EOY - End of Year handling module SYNOPSYS
This class contains methods for end of year entry. BASIC PROPERTIES
end_date specifies the end date for a closed period. reference specifies the gl reference field associated with the account closure description specifies the gl description field associated with the account closure retention_acc_id specifies the account id used as a retaining account. METHODS
$eoy->checkpoint_only(); This creates account checkpoints at $eoy->{end_date}. This has two uses: 1) Can be used to "close" books without zeroing income/expense accounts. This prevents data from being inserted for earlier dates. 2) This can be used to improve performance by creating a "lookback" point. $eoy->reopen_books() This reverses any end of year transaction on $eoy->{end_date}, and deletes checkpoints for that day. $eoy->close_books() Requires all properies in BASIC PROPERTIES to be set. This creates a gl yearend transaction, and moves income/expenses to the selected equity account for retained earnings. $eoy->list_earnings_accounts Returns a list of equity accounts, and sets $eoy->{earnings_accounts} to a list of hashrefs. These are used to select retained earnings accounts in closing books. COPYRYIGHT
Copyright (C) 2009 The LedgerSMB Core Team. This may be re-used as permitted by the GNU General Public License v 2 or at your option any later version. Please see included License.txt for details. perl v5.14.2 2012-03-25 LedgerSMB::DBObject::EOY(3pm)
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