swaitsandClaude Opus 5.5
321b94562a
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A project is a class with facts (description, status, kind, party, dates, links, notes) in one project.set event behind the format feature projects. Four tools (books.add_project, update_project, projects, project); documents and decisions link to projects; B-37: on-spec costs are expensed as incurred, repayment is revenue, and the unrecovered cost is never below zero (Kani). Viewer: a Projects list and a project page with its figures, by month and by account. The sidebar measures its footer instead of reserving a fixed 172 px. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
139 lines
4.0 KiB
TOML
139 lines
4.0 KiB
TOML
# Work on spec: its costs are expenses when incurred, and the hoped-for
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# payment is income only when received; until then it is no receivable.
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#
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# wanderbooks: rules.md B-37 item 4; regression tests
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# `unrecovered_cost_only_for_on_spec_and_never_negative` (ledger-core),
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# `on_spec_project_shows_unrecovered_cost_and_others_null` (ledger-mcp).
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#
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# Expected values worked by hand: 1,400.00 + 60.00 = 1,460.00 of costs,
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# nothing receivable (1100 stays 0.00). Repaid 1,000.00: 460.00 still
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# unrecovered. Repaid 700.00 more: 1,700.00 in, 240.00 net, nothing
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# unrecovered (never below zero).
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#
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# Both sources are quoted through Deloitte's DART roadmaps and not yet
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# re-read in the ASC basic view (wanderbooks docs/spec/sources/fasb-asc.md):
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# an open item.
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id = "projects-on-spec-costs-are-expenses"
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title = "On-spec costs are expenses; a repayment is income when received"
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rule = "The costs of work done on spec MUST be expensed as incurred, and a payment hoped for MUST NOT be recorded, as a receivable or as income, until it is received; a project's unrecovered cost MUST be its tagged expenses less its tagged revenue to date, never below zero."
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status = "AUTHORITY"
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sources = [
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"ASC 450-30-25-1: a contingency that might result in a gain usually is not reflected in the financial statements, since that might recognize revenue before its realization (originally FAS 5 ¶17(a))",
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"ASC 340-40-25-5: costs to fulfill an anticipated contract are an asset only if, among other criteria, they are expected to be recovered (here recovery is uncertain: expensed; wanderbooks docs/spec/rules.md B-22)",
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]
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tags = ["projects", "on-spec", "gain-contingency", "accrual"]
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[setup]
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currency = "USD"
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fiscal_year_start = "01-01"
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basis = "accrual"
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rounding = "half-even"
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[[setup.accounts]]
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code = "1000"
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name = "Cash"
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type = "asset"
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[[setup.accounts]]
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code = "1100"
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name = "Accounts Receivable"
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type = "asset"
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[[setup.accounts]]
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code = "4000"
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name = "Revenue"
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type = "revenue"
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[[setup.accounts]]
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code = "6000"
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name = "Contractors"
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type = "expense"
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[[setup.accounts]]
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code = "6100"
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name = "Hosting"
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type = "expense"
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[[setup.projects]]
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name = "Harbor app"
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kind = "on_spec"
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[[events]]
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date = "2026-04-02"
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description = "Prototype build"
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lines = [
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{ account = "6000", side = "debit", amount = "1400.00", project = "Harbor app" },
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{ account = "1000", side = "credit", amount = "1400.00" },
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]
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[[events]]
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date = "2026-04-20"
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description = "Hosting for the prototype"
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lines = [
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{ account = "6100", side = "debit", amount = "60.00", project = "Harbor app" },
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{ account = "1000", side = "credit", amount = "60.00" },
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]
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[[events]]
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date = "2026-06-15"
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description = "Harbor repays part of the prototype"
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lines = [
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{ account = "1000", side = "debit", amount = "1000.00" },
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{ account = "4000", side = "credit", amount = "1000.00", project = "Harbor app" },
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]
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[[events]]
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date = "2026-07-01"
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description = "Harbor pays the rest, and more"
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lines = [
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{ account = "1000", side = "debit", amount = "700.00" },
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{ account = "4000", side = "credit", amount = "700.00", project = "Harbor app" },
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]
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[[expect]]
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query = "project"
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after = 2
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project = "Harbor app"
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from = "2026-01-01"
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to = "2026-04-30"
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[expect.values]
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revenue = "0.00"
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expenses = "1460.00"
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net = "-1460.00"
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"to_date.revenue" = "0.00"
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"to_date.expenses" = "1460.00"
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"to_date.net" = "-1460.00"
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unrecovered_cost = "1460.00"
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[[expect]]
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query = "balances"
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after = 2
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as_of = "2026-04-30"
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[expect.values]
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"1100" = "0.00"
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"6000" = "1400.00"
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"6100" = "60.00"
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[[expect]]
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query = "project"
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after = 3
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project = "Harbor app"
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from = "2026-01-01"
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to = "2026-06-30"
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[expect.values]
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revenue = "1000.00"
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expenses = "1460.00"
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net = "-460.00"
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"to_date.revenue" = "1000.00"
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"to_date.expenses" = "1460.00"
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"to_date.net" = "-460.00"
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unrecovered_cost = "460.00"
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[[expect]]
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query = "project"
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project = "Harbor app"
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from = "2026-01-01"
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to = "2026-12-31"
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[expect.values]
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revenue = "1700.00"
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expenses = "1460.00"
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net = "240.00"
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"to_date.revenue" = "1700.00"
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"to_date.expenses" = "1460.00"
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"to_date.net" = "240.00"
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unrecovered_cost = "0.00"
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