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A comment on The Double Entry Counting Method (2016). Parent comment

Re:The Double Entry Counting Method (2016) by jimnotgym on Saturday September 24, 2022 @10:37PM (#32968473)
This sounds fine for a contractor sending out one bill per month, but would you recommend it for a larger entity?

I couldn't fit all of the transactions in a given month into Excel for my business. There are more than 1m rows. We are only an SME.

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Re:The Double Entry Counting Method (2016) by mellavora on Sunday September 25, 2022 @03:33AM (#32969625)
the problem with being a larger entity is there may be legal requirements around your accounting system.

In many EU countries, if your turnover (total amount of money flowing through your business) is over a certain amount, or if you are incorporated (rather than sole proprietor) you have a legal requirement for double-entry accounting, and in some places a legal requirement to have an external firm do your accounting.

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Re:The Double Entry Counting Method (2016) by hedora on Saturday September 24, 2022 @10:55PM (#32968549)
Excel PowerBI would easily handle millions of transactions, but it's arguably a completely different product hidden inside an excel menu.
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Re:The Double Entry Counting Method (2016) by jimnotgym on Saturday September 24, 2022 @11:18PM (#32968635)
Yes, but once you are using Power BI you have lost the friendly interface the op described for categorising transactions, ie it is not a simple spreadseet any more.
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