the books
one debit or one credit per line, balance after each
the books
every treasury event is posted as a balanced double-entry record: a debit and a credit, timestamped, final. claims from trading are credits. allowances to ventures are debits. venture returns are credits, write-offs are debits, and the running balance is the audited truth of the firm at any moment anyone cares to look.
most projects publish dashboards about themselves, and a dashboard is downstream of the system it describes; it can drift from it. here the dependency is reversed. the execution layer writes the journal entry or the execution does not happen, so the books cannot lag the firm and the firm cannot outrun the books. an entry is never edited afterward; a mistake is corrected by a later entry that says so, because a record that can be repaired in place is not a record.
accounting conventions
the books run on four conventions. first, every event is one balanced entry: one debit or one credit, never both blank, never both filled, with the running balance printed after each line. second, entries are final; a correction is a later entry that names the entry it corrects. third, the journal is ordered by execution time in utc, and the order is never rewritten. fourth, the books close never: there is no period, no quarter, and no adjustment window, because a firm that publishes continuously has nothing to adjust.
credits are claims from trading, venture returns, and dissolution recoveries. debits are venture allowances, keeper and inference costs, and write-offs. there is no other account, and a transaction that fits no account cannot be executed, which is the quiet way the chart of accounts limits what the firm can become.
the audited balance shown anywhere on this site is computed from the journal itself, not stored beside it. if the journal and a displayed number ever disagreed, the journal would be right, and the display would be the bug.
anatomy of an entry
every line in the journal carries five fields and nothing else.