The objective of this document is to standardize the Accounting Token as a container of the accounting elements as information entity to attach to the Business transactions that enable software agents to automate creation of accounting entry at each side of the business partnership.
The Accounting Token is a Business Information Entity (BIE) that is (re)-useable by each transaction of a business scenario on provision that opening toward accounts identification is requested on the one side, and restored on the other side.
Act
CEFACT/Forum/2007/TBG/…
Version: 1.1
Scope
Accounting Token intends to reduce accounting integration costs in particular for small and medium businesses.
Each document of the supply chain describes the current step in the course of the trade transaction up to completion. The Accounting Token defines the successive accounting accounts to use at the same successive steps of the supply chain.
The document information combined with the Accounting Token elements are necessary and sufficient to derive:
- the related classical accounting double entry;
- the related cost accounting entry, job, work, site, department, etc.
- the related budget accounting entry.