2.1 Adding a checking asset account

When you start Leas, you are inside a fresh "book". A book is a collection of "accounts". To start, you will want to add asset accounts. Assets can be wherever you store your money or your property. Asset accounts can be Checking accounts, Savings accounts, Stocks, Bonds, Cash, and anything else you own. To see how this works, let’s look at an example of adding a checking account to a fresh book.

:> aa
Account: Checking
0: Expense
1: Income
2: Asset
3: Liability
Type: 2
Opening Balance: 10000
(Checking) :> 

This opens up an asset account called "Checking" with 10000 units of currency in it as an opening balance. We can use asset accounts to pay for our expenses, to pay back our loans, and as a place to store the income we earn from working. I discuss how to do each of those things in the following sections.