Flipping Personal Financial Management Processes

This week’s episode discusses our personal financial management systems These systems have historically required recording the data after the transaction has occurred. They are independent of the transaction systems, and have always been in a clean up mode, rather than capturing the transactions at inception. What would be the implications of swapping these processes? What if our personal financial management systems recorded the attributes first–which … Continue reading Flipping Personal Financial Management Processes

Blockchain Gap: Posting Process

We’ve discussed the blockchain gaps of liquidity management, double entry accounting, and reporting integration.  This week’s episode discusses posting processes. The purpose of posting processes is almost forgotten in today’s world of ubiquitous computing.  But they are still used in nearly every major business process–every ledger–to state a position as of a point in time. All analytical processes begin with a balance, with a position. … Continue reading Blockchain Gap: Posting Process