[HCoop-Discuss] [ntk] Reconciling financial records

[Adam Chlipala]

Nathan Kennedy wrote:
> I don't think that there are any "errors."  I think there have been
> expenditures in the course of operation that were never billed out to the
> balances.
>   

Such omissions fall under my definition of "errors."

> I do think we need a better (and more "generally accepted") method of
> accounting, as I've said before.  In particular our present system records
> changes in balances only, with a text description, but does not tie them
> to any other account, and hence cannot distinguish, for instance, between
> a charge to an account that is due to expenses and one that is a refund,
> for instance, which is important for some purposes, such as determining a
> member's ownership interest in the cooperative.
>   

String matching can be pretty effective here, but the design could be 
better, sure.