Midaz’s double-entry system enforces financial discipline, eliminating common pitfalls and ensuring a single source of truth for banking transactions.

By adhering to our best practices, you ensure financial operations remain transparent, auditable, and compliant.

Content

In this section, you will find the following pages:

• Recommended Workflows: Recommended workflows for setting up and managing Ledgers, configuring Accounts, and handling Transactions in a double-entry manner.
• Common Mistakes to Avoid: The most common mistakes made when implementing Midaz and how to avoid them.
• Scalability Strategies: Strategies to ensure your Midaz deployment scales effectively for high transaction volumes, multi-currency and multi-entity operations, and remains performant.
• Structuring Bank Operations with Midaz: A strategic approach to entity hierarchy and account structuring when implementing Midaz in a banking environment.