| Description |
*Why:*
Typically a chart of accounts has defined ranges for account types. these defined ranges help the system ensure that the following conditions are met:
* data integrity - all assets are truly assets, liabilities are liabilites ...
** This is essential for the ease of creating financial reports
*** To easily add accounts it is great if all ranges are of the same type (you can bulk add a bunch to reporitng if you know that ranges of accounts are similar type
** This is essential to ensure that our financial reports are balanced
*** if you were to put an expense in the middle of the balance sheet the account would "close at year end" this would create balancing issues
** Error corrections on erronious account types are difficult and time consuming
*** This function would ensure that account types are properly defined.
for 15.3 we would like to get:
* Data structures to hold account validation
* Maintanence screens to enter validation
* rules on accounts so that validation is completed prior to adding a new account.
|