ACCOUNTING AUTOMATION & IOT

Download this Document as PDF Electronic Data Interchange Businesses issue various Financial Documents for recording their Transactions to counter-party(ies) in paper / closed formats. Electronic Data Interchange – transmission of Information “electronically” but not “intelligently” – manual re-keying and / or extraction of data. Transformation – From Mail Box to a system where Accounting Package…

An Observation in Book-Keeping

Financial Transaction are Diagonally Opposite and Equal* for Counter-parties to a Transaction This hold’s special significance when we consider a Scenario where the Accounting Package sends and receives these Financial Transaction Vouchers and also intelligently deciphers / decodes these Financial Transaction Vouchers to be put to meaningful use without manual extraction or re-keying. [See my…