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Ruediger Raubeck

Thomas Schneider

Joachim Kenntner

Georg Dopf

Michael Conrad

Andreas Reccius

Stefan Gauger

Thomas Schachner

Radim Sykora

Joachim Liebler

Michel Loehden

Vladimir Sept

A system stores financial accounting data in a Base ledger, together with overlying extension ledger(s). An engine receives both generic financial data, and financial data utilized for specific purposes. Utilizing a mapping table the engine stores in an underlying Base ledger, the generic financial data (e.g., a fixed asset acquisition). The engine stores in overlying extension ledgers, specific financial data (e.g., a linear asset depreciation and/or an declining balance method of asset depreciation) derived from that generic data. This reduces memory footprint by persisting the generic data in one location only. The stored data may be read utilizing dataviews combining data from Base and extension ledgers. A recursive algorithm may evaluate chain(s) of ledgers. Embodiments may be particularly suited to store in the Base ledger generic financial data common to multiple accounting principles (e.g., GAAP, IFRS), and store in extension ledger(s) the associated financial data specific to those accounting schemes.

Extension ledger

In one exemplary embodiment, a method provides a cash ledger. The cash ledger may contain at least one line item and a clearing account. The method may post a payment, which contains at least one line item, to a bank account and clear a business partner account by posting the payment against the business partner account.

Systems and methods for cash based accounting in a general ledger

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St. Leon-Rot, Germany

Ruediger Raubeck