FYI: As we are storing financial data in a very secure server we are kindly requesting a tiny money as donation by downloading this paid app. Tablet installation may face minor user interface goof. But dont worry all functionalities works fine. Available at Google Play here.
Accounting is the one of the task that didnt faced any growth and redefinition in this modern world. We are following the accounting process which are same for centuries. This accounting methods we are following now are born when communication are not grown. But in current time where earth is shrinking due to Internet and various connectivity we can restructure accounting process from the core. We have termed a model called Shared Accounting Model. We have tried to explain this model in video and below presentation.
Shared Accounting Model
Shared Accounting Model is a new way of accounting with the help of modern technologies and communication. Financial transactions are mostly the movement of money from one entity to another entity. In any kind of financial transactions there will be always two entities - one who receives and another who sends. These transactions are been logged for accounting. Legacy Accounting was started when we carried out in pen and paper, so each entities on either side will need to log the transaction activities for their own reference. But in current days nearly 80% of accounting is done using computer system and in this connected world there is better way to do accounting.
In Shared Accounting Model by use of Internet and other digital connectivity we can connect both the entities in the transaction. And place the accounting data in between them. Assume accounts books of two person as one. So when financial transactions are viewed by each person flow of transaction(sent/received) will be visualised accordingly. So no more data entry effort in both ends. This model will increase 100% accuracy and correctness as both ends see the same data and accepts it.
Why Investment For
We dont want to express this just in words before asking for kick start investment. So we have developed complete usable Android App to demonstrate this Shared Accounting Model and how we can restructure the world of accounting with this tiny idea.
Can be downloaded from https://play.google.com/store/apps/details?id=c...
This App is for personal usage. We have even designed a System which can be used in Corporates. Our Patent rights are submitted and in pending status. We have plan by having this idea as core and building vast interconnected accounting system. We like to share our business plan with our investors alone.
Our current need of investment is to develop this app in other platforms and spread the knowledge of this app to world and make everyone to utilise it. We thought of doing a viral Digital Marketing for this Concept and App to masses
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