I read the source you sited but it seems like a foundational part of the model is basically double book accounting:
“At the heart of each REA model there is usually a pair of events, linked by an exchange relationship, typically referred to as the "duality" relation. One of these events usually represents a resource being given away or lost, while the other represents a resource being received or gained.”
This is what I see as the main difference between single book accounting and double book accounting, with REA having some OO things added to the model to more accurately represent business objects when a computer is used. What am I missing about REA that makes it better than double book as implemented in the way this post was talking about implementing it?
“At the heart of each REA model there is usually a pair of events, linked by an exchange relationship, typically referred to as the "duality" relation. One of these events usually represents a resource being given away or lost, while the other represents a resource being received or gained.”
This is what I see as the main difference between single book accounting and double book accounting, with REA having some OO things added to the model to more accurately represent business objects when a computer is used. What am I missing about REA that makes it better than double book as implemented in the way this post was talking about implementing it?