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-<?xml version="1.0" encoding="UTF-8"?>
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- <string>Title</string>
- <string>Text</string>
- <string>Date</string>
- <string>Untitled Snapshot</string>
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- <string>Accountants will talk of ``credits'' and ``debits'', but the meaning
-is often different from the layman's understanding. To avoid
-confusion, Ledger uses only subtractions and additions, although the
-underlying intent is the same as standard accounting principles.
-
-Recall that every posting will involve two or more accounts.
-Money is transferred from one or more accounts to one or more other
-accounts. To record the posting, an amount is @emph{subtracted}
-from the source accounts, and @emph{added} to the target accounts.
-
-In order to write a Ledger transaction correctly, you must determine where
-the money comes from and where it goes to. For example, when you are
-paid a salary, you must add money to your bank account and also
-subtract it from an income account:
-
-@smallexample
-9/29 My Employer
- Assets:Checking $500.00
- Income:Salary $-500.00
-@end smallexample
-
-Why is the Income a negative figure? When you look at the balance
-totals for your ledger, you may be surprised to see that Expenses are
-a positive figure, and Income is a negative figure. It may take some
-getting used to, but to properly use a general ledger you must think
-in terms of how money moves. Rather than Ledger ``fixing'' the minus
-signs, let's understand why they are there.
-
-When you earn money, the money has to come from somewhere. Let's call
-that somewhere ``society''. In order for society to give you an
-income, you must take money away (withdraw) from society in order to
-put it into (make a payment to) your bank. When you then spend that
-money, it leaves your bank account (a withdrawal) and goes back to
-society (a payment). This is why Income will appear negative---it
-reflects the money you have drawn from society---and why Expenses will
-be positive---it is the amount you've given back. These additions and
-subtractions will always cancel each other out in the end, because you
-don't have the ability to create new money: it must always come from
-somewhere, and in the end must always leave. This is the beginning of
-economy, after which the explanation gets terribly difficult.
-
-Based on that explanation, here's another way to look at your balance
-report: every negative figure means that that account or person or
-place has less money now than when you started your ledger; and every
-positive figure means that that account or person or place has more
-money now that when you started your ledger. Make sense?</string>
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