[OSGeo Finance] Quickbooks, reserve funds...

[jo at frot.org]

Quoting Paul Ramsey <pramsey at cleverelephant.ca>:
> I think doing this abuses the definition of equity, which is
> underlying value of the asset (in this case, OSGeo). But someone
> smarter than I can opine better.

I sounded out Will, who said
"Equity represents ownership. These funds behave like
deposits in a bank, therefore they are liabilities".
He is smart, but he is only an amateur accountant. :)


jo
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