Transactions Prototype
Everyone talks about 'accounting process automation' in rather general terms. This prototype is about explaining the details. This is a prototype of transactions using global standard universal adaptor.
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Accounting process automation.
- Wave: http://docs.waveapps.io/
- Xero: https://developer.xero.com/
- Intuit: https://developer.intuit.com/docs/api/accounting
- Blackline: (Finance controls automation) https://www.blackline.com/finance-controls-and-automation
- Blackline: (Accounting process automation) https://www.blackline.com/accounting-process-automation
100% Automated, 100% of Reported Facts Validated, Everything ticks and ties, cross casts and foots...
Consider the diagram below. It shows all the financial report line items, how each line item rolls up, and a roll forward between the beginning and ending balances that documents the changes in that balance. EVERY economic entity's financial report works in this manner. The only difference is the disclosures that are reported.
Diagram Shows Flow: JPEG | Universal Model: JPEG |
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