Topic

Bulla Triple Entry Accounting

Bulla Triple Entry Accounting : a creditor designates a debtor and mints and signs a "you owe me / I owe you" (YOM/IOY) claim token on a public blockchain (shared book). The designated debtor will see the above token as an "I owe you / you owe me" (IOY / YOM) claim on the public blockchain. The debtor signs to agree or reject the claim. As a third step the debtor pays the claim (e.g. invoice). A debtor may also 'indebt' themselves to a creditor via (IOY/YOM) claims token (e.g. payroll)