The talk is amazing.. but I have a VERY BIG ISSUE.. with the presentation of the talk on Debit and Credit... where he says Positive Number is Credit, Negative Number is Credit... and the example used is completely misleading (or i could be wrong??!)... See 27:33 where Coffee 3.00 (positive) he says is Credit Expense.. and -3.00 (negative) he says Debit Expense.. This (for me) is totall wrong!!!! You Debit Expense and Credit Asset when you are spending in Accounting.... thus it should really POSITIVE NUMBER is DEBIT.. and NEGATIVE NUMBER Is CREDIT. No one seems to raise issue on this. So, is it only me? I really feel the speaker has got it wrong. Also, see his screen at 25:23 (where credit and debit is wrongly stated for positive and negative respectively) @code&supply
I think you might have a point, I think he mixed credit/debit up. When he buys the coffee his cash assets account goes down, and his expenses account goes up. Debit is money going into an account, credit is money going out of an account. So he credits his cash account, debits his expenses account. Yeah he has his words muddled.
Speaker here. Don't know how I missed these comments until now, years later! Sorry about that. I think I got things reversed in my speaker notes at some point and it stuck. I haven't given this talk in a few years but I've made a note to go back through it before I would give it again to correct the error. Thanks for watching and thank you especially for commenting constructively!
Link from the slide on 20:05 en.wikipedia.org/wiki/Comparison_of_accounting_software
Amazing talk, thank you so much for sharing this
The talk is amazing.. but I have a VERY BIG ISSUE.. with the presentation of the talk on Debit and Credit... where he says Positive Number is Credit, Negative Number is Credit... and the example used is completely misleading (or i could be wrong??!)... See 27:33 where Coffee 3.00 (positive) he says is Credit Expense.. and -3.00 (negative) he says Debit Expense.. This (for me) is totall wrong!!!!
You Debit Expense and Credit Asset when you are spending in Accounting.... thus it should really POSITIVE NUMBER is DEBIT.. and NEGATIVE NUMBER Is CREDIT.
No one seems to raise issue on this. So, is it only me? I really feel the speaker has got it wrong. Also, see his screen at 25:23 (where credit and debit is wrongly stated for positive and negative respectively) @code&supply
I think you might have a point, I think he mixed credit/debit up. When he buys the coffee his cash assets account goes down, and his expenses account goes up. Debit is money going into an account, credit is money going out of an account. So he credits his cash account, debits his expenses account. Yeah he has his words muddled.
You're right, mentally translate when watching this.
Speaker here. Don't know how I missed these comments until now, years later! Sorry about that.
I think I got things reversed in my speaker notes at some point and it stuck. I haven't given this talk in a few years but I've made a note to go back through it before I would give it again to correct the error.
Thanks for watching and thank you especially for commenting constructively!
@@rhettigan Could you share the name of the font that you used? Thanks!
@@maraudingmudlarker5318 I'm pretty sure that that is either source mono or input sans