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Ledger

Money is a weak proxy for things of value, what if there was a ledger for things of real value to measure our progress against?

Success​

Value In vs Value Out. Blockchains provide open ledgers of recorded value, and immutable processes for how state changes occur.

If more of what is valuable is coming in than going out then you have a healthy system.

Accounting Ledgers​

A general ledger is a simple listing of your actual income and expenses. Unlike a budget sheet that lists your expected income and expenses, or a receivables or payables report that shows what you owe or are owed, a ledger records transactions only as they happen. Even if you have only one bank account you use for your business, it is a good idea to keep a general ledger to spot any mistakes you or your bank might make. Do this by performing a monthly reconciliation, or comparison of your ledger to your bank statement

Cash Accounts​

  • 1110 Cash in Bank
  • 1120 Petty Cash

Revenue Accounts​

  • 2110 Accrued Revenues
  • 2120 Cash Revenues
  • 2130 Noncash Revenues
  • 2140 Other Financing Sources

Short-term Payables​

  • 3110 Accounts Payable
  • 3120 Interest Payable
  • 3130 Claims and Judgments Payable
  • 3140 Contracts Payable