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j.silver

Good Practice for Financial Tables

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Hi,

I am considering to have two tables related to investments: 1) investors 2)invested money, with a link between the two. For the second table, besides own id and id linking to the first table, there are: investment received, paid money (e.g. profits, paid capital etc.), and dates associated with investment and paid money. There is also some money deductible which is relevant to tax, exchange rate, expenses, etc. I have two options: having those deductions as part of the second table with proper formulas, or keep the table simple and have deductions not in the table but rather as part of the accounting work in accountants' books. I would appreciate if someone knows what could be the best/advisable professional practice.

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It really depends on what you want the application to do. If you want it to show all of those pieces of data, then go ahead and store them.

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