Monetize
DoubleEntry
| Monetize | DoubleEntry | |
|---|---|---|
| 1 | 1 | |
| 413 | 406 | |
| 3.4% | 1.0% | |
| 6.3 | 5.7 | |
| about 1 month ago | 6 months ago | |
| Ruby | Ruby | |
| MIT License | MIT License |
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Monetize
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Currency Calculations in Ruby
It is important to understand the role each library plays within the RubyMoney project. Whenever you need to convert a different Ruby object (a String, for example) into Money, then monetize is what you’re looking for.
DoubleEntry
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TigerBeetle raises $6.4M to power the future of financial accounting infra
Roughy `account(id, cached_balance)`, `transaction_lines(src_account, dst_account, amount)`
This gem does literally billions of dollars worth of financial accounting for various companies at scale: https://github.com/envato/double_entry
It's dated, the API is a bit messy and needs work, as it was initially written 10+ years ago, but for a web based app I would choose a v2 of it over a non-posgres ( assuming you are using Postgres for your app ) solution.
What are some alternatives?
Money - A Ruby Library for dealing with money and currency conversion.
Plutus - A Ruby on Rails Engine which provides a double entry accounting system for your application
Income Tax Estimation - Ruby library to calculate the income tax for any country
Wallet - A Ruby program to track your finances.
Money-Collection - Optimized operations on collection of Money objects
eu_central_bank - A gem that calculates the exchange rate using published rates from European Central Bank. Compatible with the money gem
money-rails - Integration of RubyMoney - Money with Rails