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Color Code: Yellow
Created By: Shannon Scoffield
Created Date/Time: 8/6/2014 2:56 pm
 
Action Status: Blank (new)
Show On The Web: Yes - (public)
 
Time Id: 2412
Template/Type: Other Documentation
Title/Caption: Brainstorming - Main Balance Sheet Ideas
Start Date: 10/29/2008
Main Status: Active

click to enlarge - photo by: Shannon Scoffield -
 
 


Notes:
Main Balance Sheet Items Ideas:
- Owed vs. owned – including quasi deals (on their way – caught in the middle or becoming something)
- Something like a stock # or a balance sheet item
- Multi cross check – dynamic
- New model (where is it really at)
- Classic model
- Dynamic naming, grouping, and types
- Sort order of items, numbers, accounts
- Dynamic over time
- Monitors, flaggers, and watchers (on demand as things change, not every day just because it has to have a reason to record data)
- Pre-calculated totals – speed or reports
- Minimum duality (at least two items or accounts)
- Assets, Liabilities, Shareholder Equity or (owned, owed, invested, ownership, debt, invested)?
- Maybe use invoices, deposits, and expense/receipts as subs of the balance sheet item. What this means is the balance sheet item becomes the master and the sub (inv, dep, e/r’s) need to be fully satisfied (main and line items and payment)
- See mini-notebook (brainstorming on a walk)
- Deposits = E/R’s + Cash
- Keep it simple
- Mode of accounting:
o Operations – do it (opps) and the system prompts for action (b.s.)
o Accounting – do the action (b.s.) side then the operations side