Introduction

What is Pental Accounting?

• Additional dimensions of double-entry accounting
• It does not exist separately, it is an integral part of double-entry accounting

How it was created?

• It was not invented but was discovered
• It has been in existence since the beginning of double-entry accounting

What is it based on and why the name Pental Accounting?

• It stands on 5 pillars
• The accounting is doing in a Pental way:

  Amount

  MD

  DAL

  Minus

  Plus

What is the Pental equation?

Profit/Loss - Minus + Plus = Money

• The Minus Plus is the exact answer to the question of why it is not equal to or equal to the profit/loss of money.
• The Minus Plus in the pental equation can be used multiple times for one accounting transaction, for example Profit/Loss - Minus + Plus - Minus + Plus = Money

For whom is the Pental Accounting intended?

• For those who want to read more information not only in relation to money

Do I need to change my current billing methods?

• You do not have to
• No new analytics or any other method of correcting accounting documents are required

Is that a lot of extra work for me?

• No, but it depends on the solution in your accounting program

Where do I find out more about the Pental accounting?

• In Pental Accounting (2009), author: Ing. Jiří Dušek.