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Engineering principles for building financial systems
Best practices and principles to create accurate and reliable software based financial systems.
General Ledger (GL): The primary accounting record of the company, summarizing all financial transactions over a specific time period. This seems obvious but when you are aggregating thousands (in a lot of cases millions) of transactions, simple summation or rounding errors between systems can cause material inaccuracies. Very related to accuracy, your financial record must be easily auditable so that stakeholders can detect errors and accurately measure performance of your business.
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