top | item 43270601

(no title)

fangpenlin | 1 year ago

Hi, the author here.

So BeanHub is built on top of Beancount and uses double-entry accounting. It's one of the benefits of double-entry accounting. Many accounting software are not good at dealing with multi-currencies or custom currency. With Beancount, you can define any commodity you want, create transactions, and convert them with different currencies easily. For example, you can define a commodity TSM and create transactions[1] like this:

2025-01-01 commodity TSM

2025-03-05 * "Purchase TSMC"

  Assets:US:Bank:WellsFargo:Checking                        -2,000 USD @ 100 TSM
  
  Assets:US:Bank:Robinhood                                      20 TSM
I think many people trade crypto, and traditional accounting software may not be that friendly to them. That's why I emphasized a bit to the crypto target audience. But you're right; I should make it clearer that it's not just for crypto.

[1]: https://beancount.github.io/docs/beancount_language_syntax.h...

discuss

order

namaria|1 year ago

Your homepage has an animation where a list of credit and debit transactions are labelled assets and liabilities. That does not bode well to a provider of accounting software.