ORYAA

This paper introduces a peer-to-peer electronic accounting system, as the current system sufferers from the inherent weakness of double-entry accounting, for example, a time gap problem between occurring and recording transactions, ignoring billions of individuals’ access to essential financial information, and the possibility of fraud and error. The most efficient solution to these problems has emerged a peer-to-peer electronic accounting system. It is an advanced system of double-entry accounting, but instead of concentrating on one party, it views and records transactions for both affected sides at the same time. It would enable electronic financial transactions between various parties, like electronic payment, online credit transaction, foreign exchange, securities exchange, and etcetera.

How to Develop a Peer-to-Peer Electronic Accounting System by Nesar Ahmad Noori :: SSRN This paper introduces a peer-to-peer electronic accounting system, as the current system sufferers from the inherent weakness of double-entry accounting, for ex

This paper discusses the scalability of the double-entry accounting system to the current technology growth. Technology is one of the main improvement factors in the accounting industry, but unfortunately, camper to communication, social media, entertainment, and other industries it's not well enough adopted in the accounting industry, which is mostly because of the weakness which double-entry accounting has. First, the double-entry accounting system suffers from the time gap problem between doing and recording transactions, Second, this system ignores billions of individual access to essential financial services. Third, it is a kludge of a paper-based process and industrial technology. The best solution to these problems has emerged: peer-to-peer electronic accounting. It is a developed system of double-entry accounting, but instead of concentrating on one party it views and records a transaction for both affected sides at the same time.

Double-Entry Accounting Scalability to the Current Technology by Nesar Ahmad Noori :: SSRN This paper discusses the scalability of the double-entry accounting system to the current technology growth. Technology is one of the main improvement factors i

A peer-to-peer electronic accounting system is based on the fact that every transaction which effects two parties has equal and opposite effects in at least four accounts (two accounts for one party and two accounts for another party). It’s a developed system of a double entry accounting. But instead of concentrating on one party, it views a transaction and its effect on both parties at the same time. This system allows online double entry transactions between different parties.

Peer-to-Peer Electronic Accounting System by Nesar Ahmad Noori :: SSRN A peer-to-peer electronic accounting system is based on the fact that every transaction which effects two parties has equal and opposite effects in at least fou

Is sending money as easy as sending a message in the internet? The answer is no, and it's because of the weakness of double-entry accounting. To solve this problem we propose peer-to-peer electronic accounting.

ORYAA: Peer-to-Peer Electronic Accounting System A peer-to-peer electronic accounting system is based on the fact that every transaction which effects two parties has equal and opposite effects in at least ...

Is double-entry accounting scalable to the current technology?

Double-Entry Accounting Scalability to the Current Technology by Nesar Ahmad Noori :: SSRN This paper discusses the scalability of the double-entry accounting system to the current technology growth. Technology is one of the main improvement factors i

Here you can download peer-to-peer electronic accounting white paper from SSRN

Peer-to-Peer Electronic Accounting System by Nesar Ahmad Noori :: SSRN A peer-to-peer electronic accounting system is based on the fact that every transaction which effects two parties has equal and opposite effects in at least fou