01 / Memorandum
Record what happened.
The parties, the amounts, the circumstances.
The approach
The record before
the accounting.
What happened is the foundation. How you account for it is a view. Footing keeps the two connected, without confusing them.
Venice, 1494
Three books.
One enduring principle.
Luca Pacioli described the memorandum, the journal and the ledger.
The memorandum recorded the particulars of business as they happened. The journal translated them into accounting entries. The ledger organized those entries into accounts.
The distinction still matters: the record of an event comes before its accounting treatment. Footing brings that principle into a system designed for AI from the beginning.
02 / Journal
Express it in entries.
The accounting treatment, in debits and credits.
03 / Ledger
Bring the accounts together.
The balances that support the financial view.
The modern memorandum
Keep the event.
Derive the entry.
A payment happened. An invoice created an obligation. A transfer connected two accounts. Those facts exist before an account code is chosen.
Footing connects source documents to events, parties and relationships. Your agent helps establish what the evidence supports and brings unresolved questions back for review.
Footing’s mathematical core gives that record structure. A chart applies an accounting policy to it, deriving balanced books while keeping the path back to the source.
One record, several perspectives
Change the view.
Keep the facts.
The same business can need different books. Footing lets each chart apply its own treatment to a shared record, without rebuilding the evidence for every purpose.
Management
The detail and groupings needed to understand and run the business.
Tax
A separate treatment, with adjustments and judgment calls made explicit.
Statutory
The accounting and reporting policy the entity needs to follow.
A change in accounting policy changes the projection. It does not rewrite the source record.
Evidence you can return to
Every figure
has a footing.
The work should survive the conversation that produced it.
Checked, sealed Standard Documents preserve the evidence. Corrections become new documents; the originals remain. Events and relationships carry that evidence forward into the books.
Your agent does the repeatable work. Accountants examine the evidence, resolve the judgment calls and sign off. The record remains available for the next question, the next reporting period and the next reviewer.
How the engine worksThe reality layer for finance
Start with what happened.
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