Deposits to System/debit account

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seintitus
Posts: 16
Joined: Mon Jun 11, 2012 8:59 am

Deposits to System/debit account

Post by seintitus » Wed Dec 11, 2013 2:49 am

Hello. I would like to know how to make a deposit/ refill system or debit account on cyclos 4 communities.

Regards
Titus

rmvanarkel
Posts: 240
Joined: Tue Oct 05, 2010 1:14 pm

Re: Deposits to System/debit account

Post by rmvanarkel » Thu Dec 12, 2013 3:43 pm

Dear Titus,

I am not 100% sure if I understand your question correctly, if not please let me know and I will try to answer again. The idea of Cyclos is that the sum of all accounts always have to be zero, we use a double entry accounting system, because we think this is most safe. In this way when the sum of all accounts isn't zero we know somebody has been tempering with the system, removing units from an account is more difficult because all accounts should be checked.

In general the money is created in Cyclos using a debit account. System accounts can go unlimited negative (this can be configured in the account settings) so normally one debit account is used for this. This is also nice, because when your debit account is -1.000.000 units you know that in total 1.000.000 units are created and circulating in the system.

Well I hope that answered your question.

Best regards,

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