CRJE

Inspiration

Our personal experiences in audit processes found that tasks were taxing and time consuming, such as when doing vouching and reconciliations. We wanted a new way of doing these tasks so that energy could be focused on more high value work.

What it does

The software will allow users to upload source documents into the cloud. Optical character recognition and machine learning will then analyse relevant information on the document and store them into an online database.

During audit, the user can upload a balance sheet, which will be processed by the same methodology . Then, select the relevant source documents uploaded from before, and the software will reconcile the information automatically.

How we built it

Our prototype was built using Python and tkinter library.

Challenges we ran into

Not much of software development experience. We could only make simple mockups with a Python GUI. After the Django tutorial on hacking day, we are inspired to use that for to build the next version of our prototype!

Accomplishments that we're proud of

This is probably our first time thinking of new ideas and trying to realise them for the industry at large. We hope that this is just the beginning and we will continue to innovate and challenge ourselves as we pursue our studies.

What we learned

About the involvement of existing technologies in the accounting industry and some challenges that they are currently facing. We also had lots of fun with hands on activities on Django and Tensorflow 2.0!

What's next for Accounting Hack

We want to seek advice from mentors on how to improve the software and ultimately release our software to startups and small medium enterprises to significantly increase their audit productivity.

Built With

• python
• tkinter