data integration allows you to offer clients a 360 view of their businesses.
quick tech talk
with steve yoss
cpe today
what’s the primary purpose of accounting? it’s decision usefulness. we’re in the business of interpreting information in a way to help business leaders make decisions.
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in today’s complex business environment, we’ve got data coming from all over the place: inventory, accounting, hr, payroll, and more. depending on your business, you can have upwards of 10 different systems inside your organization.
in general financial accounting, you’re pulling information from the general ledger or the general accounting system, but rarely does that general ledger have all the detail needed. it might be summarized in journal transactions that give you the balances but do not give you the real details. when we integrate different systems together, we’re giving access to that underlying information so that decision-makers can get the detailed insight that they need to understand what is going on inside of their business. integration gives us that 360 perspective into a business to really have a deep perspective and understanding of the day-to-day operations.
one response to “steve yoss: an accountant’s detailed guide on databases, integration, and data sharing | quick tech talk”
roger rotolante
this integration is necessary becasue there is no one piece of software is the above average in all the accounting functions. the applications are not purchased by management with the idea of integration. the person that has that knowledge is in short supply. some of the integrations are very simple, yet they are not implemented.
another problem is custom software, which is out of date and can’t run on the current operating systems. microsoft eliminated backwards compatibly intentionally. it is now threatening the users of windows 7 & 10. the productivity and stability windows 11 is 60% of its predecessors because it obsoletes all the “grayware” of the users.
with the advent of the ai software one feature will be the integration of all the software systems automatically. once properly trained the ai will be capable of doing all the “gruntwork” of implementing and maintaining integration of data both internal and external into the general ledger. it will provide internal audits and generation of all the management reports and financial statements.