Finance Inventory: Master Files

This week’s episodes builds on an idea from Episode 98 Balances are the Inventory of Finance. Where are these balances maintained? Many are maintained in things called ledgers. But they are also at times simply called Master Files. Finance certainly facilitates accurate recording of transactions. But little reporting is done about transactions themselves. People are interested in balances–something that states a position as of some … Continue reading Finance Inventory: Master Files