The Official Blockchain for Accounting

THE ACCOUNTING BLOCKCHAIN

Tens of trillions of business to business accounting transactions must be recorded every year... Now double that! This is the issue and here is how we fix it...

Every transaction must be recorded by the sending and the receiving party independently of each other! The cost of this? Billions of dollars are spent each and every year because there is no trusted common ground to connect businesses along the supply chain. The accounting blockchain will allow the integration of triple entry and smart contracts tailor-made to fit the current market of accounting software packages. The development of The Accounting Blockchain revolutionizes both the way companies invoice each other and the way payments are done along the supply chain all the way to the end consumer.

The cost of AB Tokens would be just a fraction of the savings that companies will start to utilize immediately without delay around the clock even over holidays and non-business hours.

The way transactions are recorded right now between two parties to a trade is grossly inefficient, subject to errors, requires tedious reconciliations, leading to ever-increasing auditing costs, and remains liable to fraud. Companies keep their accounting records in isolation, many times using unrelated accounting software platforms. There is an absence of a trusted common ground.

The process to issue invoices / credit-notes and payments costs each company thousands of dollars a year in accounting expenses. These costs grow exponentially with the size of the company. The consolidated inefficiency incurred by all companies on a yearly basis mount to billions of dollars and requires numerous hours dedicated to the accounting function which we want to save. The foundation of the above problems rests in the very core of the way things are done as technology has been unable to create a trusted common ground to connect business accounting together through a triple entry, the next step in accounting evolution. 

The current advancements in blockchain technology finally allow for this to be implemented and now we are on the brink of a new era.

https://www.theaccountingblockchain.io/?aId=3413757-7191220

AB FINGERTIPS SUITE AB 

Fingertips suite is the way forward for businesses wanting to integrate into the supply chain through blockchain and to introduce the future way of doing business through cryptocurrencies effortlessly into their current business model and accounting practice. AB Fingertips Suite provides a perfect marriage of the traditional FIAT currencies, smart contracts, and cryptocurrencies. AB Fingertips Suite introduces a viable way to have triple entries that automatically connects businesses in their transactions. An accounting software platform built around the triple entry concept. AB fingertips Suite provides an effortless integration of blockchain technology into the way business is done today. 

AB TAXAVANCE 

Ab Taxavance is really easy to use platform that keeps track of your trades and their tax implications. A platform with tax parameters fed by a global network of tax experts that is able to work out in real time the tax exposure of your crypto trades and collaborators at your fingertips. Pre-trading information including trade simulations to make proactive decisions. Keeping a record of your trades and their current tax exposure should you buy more, hold, or sell. Issuing end-term tax reports of your trades and investments. APIs with an exchange and AI assisted report input that may read reports from exchanges and setting up a common protocol to interface with exchanges. A true global 247 tax assistant.

https://www.theaccountingblockchain.io/?aId=3413757-7191220