Overview

The Accounting subdomain is responsible for maintaining accurate financial records, managing the general ledger, and ensuring compliance with accounting standards. It provides the foundation for financial reporting and analysis.

Key Capabilities

• General Ledger: Maintain chart of accounts and journal entries
• Double-Entry Bookkeeping: Ensure all transactions are properly recorded
• Account Reconciliation: Match and verify account balances
• Financial Reporting: Generate balance sheets, income statements, and cash flow reports
• Audit Trail: Complete history of all financial transactions

Accounting Principles

• GAAP Compliance: Follow Generally Accepted Accounting Principles
• Accuracy: All entries must balance and be verifiable
• Timeliness: Record transactions in the appropriate period
• Consistency: Apply accounting methods consistently