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July 2, 2014 17:14
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Subledger Q&A
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Q) What is Subledger? | |
A) Subledger is a modern double-entry ledger and financial report API for mobile and web app developers. | |
Q) What is Subledger's purpose? | |
A) Subledger's purpose is to give developers the tools to maintain more accurate, detailed and actionable | |
financial information than they would if they built it themselves. | |
Q) Is Subledger difficult to use? | |
A) No. It is easier, less expensive and less risky than building something equivalent. Subledger customers have greatly | |
simplified their code bases, reduced their operational responsibility, and reduced the latency and complexity of their | |
entire financial cycle. | |
Q) What standards does Subledger implement? | |
A) Subledger is a modern, respectful implementation of double-entry ledgering and financial report generation. This standard | |
is over 500 years old and is the bedrock upon which all modern accounting standards such as GAAP are built. | |
Q) Does Subledger maintain account balances? | |
A) Yes. Subledger account balances are available for any point in time. Account lines are returned with running balances. | |
All balances include total debits, total credits, and net balance. Subledger allows you to make back entries with | |
low latency forward balance updates, regardless of the number of entries ahead of the back entry. | |
Q) Is Subledger auditable? | |
A) Yes. Subledger data is auditable without source code inspection. Everything is in the accounting record, including URL | |
references to source documents. | |
Q) Can Subledger provide financial reports? | |
A) Yes. Subledger allows you to assemble and generate balance sheets, income statements, and cash flow statements. | |
Subledger also allows you to create additional reports to meet your needs. | |
Q) How do I access Subledger? | |
A) Subledger provides an iOS app and a browser app for exploring your data. Additionally, your developers can easily present | |
views of the data in Subledger in any way that you, and they, are clever enough to conceive and implement. | |
Q) Is Subledger scalable? | |
A) Yes. Subledger was built for web scale applications: billions of transactions per month and beyond. | |
Q) Does Subledger store data safely and securely? | |
A) Yes. Subledger runs entirely on Amazon's AWS, which itself is compliant with HIPAA, SOC 1/SSAE 16/ISAE 3402 | |
(formerly SAS70), SOC 2, SOC 3, PCI DSS Level 1, ISO 27001, FedRAMP(SM), DIACAP and FISMA, ITAR, FIPS 140-2, CSA and MPAA. | |
Subledger itself *HAS NOT* yet been certified. We take your data security and safety very seriously: when Subledger says | |
it has received your data, it has already been stored in two separate data centers. | |
Q) Does Subledger provide disaster recovery? | |
A) Yes. Subledger makes real time backups of transactions as you create them. Our storage system has a stated durability of | |
99.999999999%. Subledger can optionally mirror your transactions to a separate geographic location. With multiple copies | |
in diverse georgraphic locations, your data is extraordinarily durable. | |
Q) Do I need to replace what I've already built? | |
A) No. Subledger can exist alongside anything that's already in place. | |
Q) Is accessing my financial data over the internet secure? | |
A) Yes. All communications to and from Subledger are TLS/SSL encrypted which is the modern standard for over the internet | |
security. | |
Q) Do you have strong authentication and authorization? | |
A) Yes. We employ a gigantic keyspace (7.3322e+78 combinations) key/secret authentication with support for rolling key updates. |
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