Sharealedger is a not for profit corporation dedicated to promoting innovation in ledgers.
Those involved in business systems recognized that business system innovation has stagnated for decades now; the principles behind bookkeeping were easily automated and saved tremendous amounts over manual processes. But once automated, potential significant improvements are rarely discussed for long or in depth.
Sharealedger is a collaborative project to reverse this trend, to explore innovation in business systems, and to find ways of improving society through the process. It includes sharing information about ledgers, regenerating long-forgotten knowledge embedded in all major business systems today, and considering if actually sharing data among organizations might spark a new round improvements in society.
The effort was started in 2020 by Kip Twitchell, as an outgrowth of his efforts in Ledger Education (see LedgerLearning.com). It hosts collaborative discussions with various interested parties, of various types and durations. The results of these discussions are presented in various ways, including video of conversations, presentations, and agreed upon write-ups.
Executive Director Kip Twitchell
Kip Twitchell is an expert in financial systems, with over 30 years of experience in financial and reporting systems, over 25 years of that in consulting. He has constructed systems for Fortune 500 companies and global banks, having consulted at 12 of the top 25 banks in the world.
He is a Certified Public Accountant in the US and has authored two books: “Balancing Act: A Practical Approach to Business Event Based Insights,” and “Metric Engine: Reinventing the Data Supply Chains for Business,” continuously published a financial system vlog since 2016, “Conversations with Kip,” and is the founder and executive director of Sharealedger.org to promote financial systems innovation and collaboration.
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Principles
The following give a sense of the foundational principles involved in the organization
The first project effort was a presentation given for Michigan State University students under the direction of Dr. William E. McCarthy, the inventor of the Resource, Event and Agent model of business systems. See the detailed report of activity.
A significant aspect of the Sharealedger mission is a focus on data, not just transactional but reporting, including all the complexities of bookkeeping and analytics. An early group discussion by experts in this field with decades of experience gives a view of the elements of this focus.
Corporate Governance
The following are the corporate policies governing Sharealedger. Minutes of meetings can be located in the Sharealedger Github Community Repository.