https://rietta.com/tags/money/ Recent content in money on Rietta Cybersecurity Hugo -- gohugo.io en-us 1999-2026 Rietta Inc. All Rights Reserved. https://rietta.com/blog/best-data-types-for-currencymoney-in/ Tue, 04 Jun 2019 13:30:00 -0400 https://rietta.com/blog/best-data-types-for-currencymoney-in/ <h2 id="the-short-answer-tldr">The Short Answer (TL;DR)</h2> <h3 id="if-acronym-titlegenerally-accepted-accounting-principlesa-hrefhttpsenwikipediaorgwikigenerally_accepted_accounting_principles_united_statesgaapaacronym-compliance-is-required-or-you-need-4-decimalblogmysql-decimal-data-type-places">If <acronym title="Generally Accepted Accounting Principles"><a href=https://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principles_(United_States)>GAAP</a></acronym> Compliance is required or you need 4 <a href="https://rietta.com/blog/mysql-decimal-data-type/">decimal</a> places:</h3> <div class="highlight"><pre class="chroma"><code class="language-sql" data-lang="sql"><span class="line"><span class="cl"><span class="nb">DECIMAL</span><span class="p">(</span><span class="mi">13</span><span class="p">,</span><span class="w"> </span><span class="mi">4</span><span class="p">)</span></span></span></code></pre></div><p>Which supports a max value of:</p> <p><code>$999,999,999.9999</code></p> <h3 id="otherwise-if-2-decimal-places-is-enough">Otherwise, if 2 decimal places is enough:</h3> <div class="highlight"><pre class="chroma"><code class="language-sql" data-lang="sql"><span class="line"><span class="cl"><span class="nb">DECIMAL</span><span class="p">(</span><span class="mi">13</span><span class="p">,</span><span class="mi">2</span><span class="p">)</span></span></span></code></pre></div><p>Which supports a max value of:</p> <p><code>$99,999,999,999.99</code></p> https://rietta.com/blog/postgresql-currency-types/ Mon, 28 Jan 2019 21:00:00 -0500 https://rietta.com/blog/postgresql-currency-types/ <p>There are different ways we can store currency in PostgreSQL, this blog post will cover the money and numeric types.</p>