This video was released without a corresponding Linkedin Blog Entry. This is episode 7 of Conversations with Kip, the best financial system vlog there is
The Big Idea: Eliminate Posting
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[…] Reporting from transactional detail is the most flexible thing possible. But it also is the most expensive because of data volumes. Our approach has been to test if we could use transactional data to produce our reports. In Step 4 of estimating metric engine processes, we’ve determined that it is not possible. […]
[…] it do this? Through a posting process. Could it be done another way? Yes, as I noted in the “Big Idea” episode, we could accumulate the business events to produce positions as of any point of […]
[…] an early video “The Big Idea: Eliminate Posting”, I noted that one can produce every financial analysis with only the transactions involved, but […]
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[…] Dr. William McCarthy recently asked me, “Can you guess for me: What is the average G/L code block size in small, medium, and large enterprises? And what is the average number of G/L accounts in small, medium, and large enterprises (thousands, millions)?” Below is my answer to this thoughtful question. […]
[…] Related Post: The REA Big Idea-Eliminate Posting […]