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Balances Audit

Account balances guaranteed to be fully consistent all the time.

Updated over a week ago

Accounts with recent changes to its balances are subject to an Automatic Balance Audit, that runs periodically. This automatic settlement runs approximately every hour on books that had balance changes. The audit itself takes from a few seconds to a few minutes depending on the transaction history that was not Audited yet.

The πŸ• icon in front of balance values on the left menu indicates that the Automatic Balance Audit has not yet ran on your Book.

Once the Audit has run the πŸ• icon disappears.

The Automatic Audit Process guarantees that balance values are consistent with the transaction history on your book. Although very unlikely, any inconsistency detected by the audit, is followed by an automatic settlement process that restores the correct balance value base on the transaction history.

Note: The Audit is not the same as a Consolidation with real life Accounts.


Triggering audit manually

Trigger the balance audit manually in case you need the Balance Audit to run immediately.

Trigger the Balance Audit anytime by holding the shift key and clicking the reload πŸ”‚ button at the same time in your book.

The Balance Audit process runs asynchronously and takes from a few seconds to a few minutes to finish. You can identify that the audit has finished when the πŸ• icon disappears.


Background

Bkper stores your accounts and transactions in a distributed high scalable database, replicating all information over a wide geographic area to provide high reliability and fault tolerance.

This architecture provides a robust infrastructure to do finance and accounting on the cloud, but it leads to a potential double-spending problem.

This problem is very, very rare to happen, still we are aware that this can lead to inconsistencies on balances and therefore have created the audit process to guarantee consistency on the balances.

To solve this issue we developed - and evolved over the course of more than 6 years - an audit infrastructure based on consensus, that runs periodically, and make sure all your balances are strict consistent.

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