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.

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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.
  • Midaz production best practices: Recommendations to set your Midaz production environment up right from the start, so you can minimize downtime, protect your data, and confidently handle high-volume workloads.