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bkuhn

They aren't possible, but maybe are necessary.

I agree that all the items listed in here aren't possible given the time
allotted for development, and I haven't tried to integrate any of them
into the main feature set to avoid feature creep. However, some of them
are going to be necessary, and early users may need to realize that some
out-of-band workarounds will be necessary in the first version, because
the features listed here were, well, necessary. :)

Directly quoting bkuhn from #npoacct @ irc.freenode.net:

    │17:31:34 bkuhn | oh, reason is easy: in the USA, any bookkeeping system that isn't double-entry would   │    
    │               | likely not be considered appropriate GAAP                                              │    
    │17:31:50 bkuhn | you can link GAAP to                                                                   │    
    │               | http://en.wikipedia.org/wiki/Generally_accepted_accounting_principles                  │    
    │17:31:54 bkuhn | GAAP is an odd thing.                                                                  │    
    │17:31:58 bkuhn | It's not the "law"                                                                     │              
    │17:32:10 bkuhn | but accountants would tell the IRS "we think something bad is going on" if you didn't  │    
    │               | follow GAAP                                                                            │    
    │17:32:20 bkuhn | Also, GAAP isn't a list of rules.                                                      │    
    │17:32:29 bkuhn | It's basically 'rough consensus' of accountants                                        │    
    │17:33:08 bkuhn | So, it's somewhere in between "implicit norm" and the "law"                            │    
    │17:33:27 bkuhn | in the sense that you'd probably loose your non-profit status from the IRS if your     │    
    │               | auditors said you weren't following GAAP   

For convenience: [[!wikipedia Generally_accepted_accounting_principles]] [wikipedia]