The Accounting entities are a family of simple and complex entities, used to support Accounting.

There are "dramatic" changes in Accounting in v3 (vs version 2) and everything has been re-designed so that developers can easily support their local legislation.


The Accounting system in all alpha360 Business applications is a double-entry system.

In double-entry accounting, a transaction always affects at least 2 chart of accounts, includes at least one debit and one credit, and its total debits and total credits are equal.


Simple Diagram of the Accounting Entities

 


* the above diagram is NOT complete - for more information see the database schema.