Metric Engine, Interim Reporting and Temporal Events

This week’s video discusses an exception to the general rule of balances vs. transactions: intra-period posting processes can accumulate new transactions against the prior posted balance to make a temporary balance for reporting and analysis.  Episode 21 of Conversations with Kip, the best financial system vlog there is.  Watch it here. Continue reading Metric Engine, Interim Reporting and Temporal Events

Metric Engine and a Detailed Identifier

This week’s video describes what might be called an “Arrangement ID”, a key in the Chart of Balances (or Chart of Account in finance) that would track customer or vendor level balances in an instrument ledger, thus enabling a Metric Engine.  Episode 20 of Conversations with Kip, the best financial system vlog there is.  Watch it here. Continue reading Metric Engine and a Detailed Identifier