The StackOne unified API streamlines financial data management across diverse accounting platforms, handling variations in chart of accounts, transaction structures, and reporting formats while supporting customer-specific workflows and compliance requirements. It enables seamless financial data synchronization, reporting, and analysis without relying on provider-specific schemas. With 2-way API interaction, accounting systems can efficiently manage financial data from multiple sources through a single integration.

Benefits of the Accounting API

Here are some benefits of using our Accounting API that simplifies and enhances financial data management:

Key Features

FeatureDescription
Chart of Accounts ManagementEasily create and manage chart of accounts across multiple accounting platforms with unified fields
Transaction SynchronizationKeep financial transactions, journal entries, and balances synchronized across all integrated systems
Real-Time WebhooksReceive instant notifications for new transactions, account changes, and financial updates
Multi-Entity SupportManage multiple companies, subsidiaries, and business units within a single integration
Financial ReportingGenerate standardized financial reports and statements across different accounting systems

Entity Model and Relationships

The following diagram illustrates the key entities within the Accounting API:

Entity Definitions

EntityDescription
CompanyA business entity with financial records, including base currency and fiscal year settings.
AccountA financial account within the chart of accounts, representing assets, liabilities, equity, revenue, or expenses.
JournalA journal entry containing multiple lines that maintain accounting equation balance.
JournalLineIndividual line within a journal entry, linked to a specific account with amount and tax details.
Tax RateDefines a tax rate (e.g., VAT, GST) for a company, including percentage, code, and status.