One post tagged with "automation"

Every ledger has a set of transactions it posts over and over. The accounts change, the amounts change, sometimes the counterparty changes—but the structure is always the same. A fee charge is always a debit to the customer account and a credit to fee income. A settlement is always the same four entries. A foreign exchange conversion follows the same arithmetic every time.

Freeform posting can handle all of these, but it puts the entire burden of correctness on the operator: right accounts, right sides, right layer, right formula—every time, by hand. Templates solve this. A template captures the invariant structure of a transaction and exposes only the parts that actually vary. Everything else is handled by the ledger.