Awasome Account Balance Database Design Ideas

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Account Balance Database Design. Attributes of bank entity are bank name, code and address. Credit cards and checking accounts are typical examples of accounts with account balances, and the pattern of their activities determines the credit score.

Create a quick access to account balances in Excel YouTube
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Balance sheet accounts must precede income statement accounts. Code is primary key for bank entity. The company in this example is only using one gl variable, therefore there is only one tab.

Create a quick access to account balances in Excel YouTube

Attributes of bank entity are bank name, code and address. What you are describing in your example is a transaction table, it's a common double entry accounting scenario, for any transaction between 2 entities, or accounts there is a debit entry in one account and a corresponding credit in the other, resulting in 2 entries in the transaction table. That's enough for transactions storage. Therefore, the preferred database type for a percentage with a given precision is decimal(precision +3, precision +2), e.g., if the required precision is zero decimal digits (not recommended), the database type definition is decimal(3, 2);