Classify asset/liability items

Classify asset/liability items

Let's first look at an example of the items in each asset/liability.

Account item example
Asset items Cash, real estate, paybook, Shinhan Bank, inventory, money to receive... etc.
Debt Items Samsung Card, Kookmin Card, Loan, Insurance... etc.

You can think of an asset or liability item as basically dividing it by the physical boundary that exists. These are things that are classified according to various accounts and credit cards. About 10 to 20 items are appropriate, but on a physical basis, there may be over 40 items. In this case, it is necessary to reduce the actual accounts or cards that are not used well for the convenience of management.

Whooing should reflect reality, but reality will also reflect whooing. Management begins by organizing the flow and space of the household account book and real money as concisely as possible. It is recommended that you organize complex and ambiguous things, and synchronize with a concise state in whooing.

There is one exception classification method for assets or liabilities. This is the customer management function. In the example above, there are'money to receive' from assets,'loans' from liabilities, and'insurance'. Using the account management function, you can create only one item and create virtual items for managing multiple balances in it.