Section 2 of 6
The close, and the software built around it
An accounting system is shaped by one recurring event. Everything else — the audit trail, the chart of accounts, the size of the product — is arranged around the close.
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The month-end close is the deadline the software exists for
An accounting system is shaped by one recurring event: the period close, and everything else is arranged around it.
Everything in Ledgers
3 pieces
- The month-end close is the deadline the software exists forAn accounting system is shaped by one recurring event: the period close, and everything else is arranged around it.
- An auditor needs to see who changed whatAudit trails are a legal requirement before they are a feature, which constrains how these systems can be built.
- Small-business accounting is a different product entirelyQuickBooks and Sage serve a market where the constraint is the operator's time rather than the organisation's complexity.