Aggregation of financial data from multiple systems

Purpose

1.1. Consolidate transactional, ledger, and performance data from disparate systems into unified financial reports for client and compliance needs.
1.2. Ensure real-time data synchronization to facilitate timely P&L analysis, cash flow management, audit preparation, and financial advisory.
1.3. Streamline multi-entity and multi-currency reporting, enabling cross-border consolidation with minimal manual intervention.
1.4. Reduce duplication of effort and eliminate errors in manual data handling or spreadsheet-based reporting.
1.5. Empower accountants with a centralized dashboard for financial monitoring and custom report generation.

Trigger Conditions

2.1. New financial entry or daily batch update in any integrated accounting system.
2.2. Scheduled periodic (e.g., hourly, end-of-day) data refreshes to ensure up-to-date aggregation.
2.3. Manual initiation by an accountant or admin via dashboard command.
2.4. API/webhook event from a connected banking or fintech service.

Platform Variants

3.1. QuickBooks Online
• API: Reports/Read; Connected Apps; Set periodic extraction from Profit & Loss and Balance Sheet endpoints.

3.2. Xero
• API: Accounting API > Reports endpoint; Schedule GET requests for specific reports (Trial Balance, Journal Entries).

3.3. Sage Intacct
• API: GLREPORTING > Read; Configure filters for GL entries export.

3.4. FreshBooks
• API: Accounting > Reports; Set triggers for new invoice or payment data.

3.5. Zoho Books
• API: /reports; Configure GET on Financial Statements with organization-specific parameters.

3.6. Oracle NetSuite
• SuiteTalk REST/ SOAP APIs; Schedule data pulls for Transactions and Financial Reports.

3.7. Microsoft Dynamics 365 Finance
• Data Entities: GeneralLedgerEntries; Use OData for scheduled extraction.

3.8. SAP S/4HANA
• API: API_FINANCIAL_STATEMENT_SRV (GET); Filter by company code and period.

3.9. MYOB
• API: /v2/Business/Reports/ProfitAndLoss; Regularly poll for updated data.

3.10. Wave Accounting
• API: /businesses/{business_id}/reports; Automated fetch on new transaction batch.

3.11. Plaid
• API: /transactions/get, /accounts/get; Triggered on webhook financial activity event.

3.12. Yodlee
• API: /transactions; Periodic polling for bank feed aggregation.

3.13. Expensify
• API: /reports; Set to extract reimbursed and non-reimbursed expense data.

3.14. Bill.com
• API: /invoices, /payments; Scheduled fetch or event-triggered extraction.

3.15. Stripe
• API: /balance, /payouts, /charges; Configure automatic daily data export.

3.16. PayPal
• API: /v2/reporting/transactions; Daily or triggered pull for new settlements.

3.17. HubSpot
• API: /crm/v3/objects/deals; Extract deal financial details for revenue reporting.

3.18. Salesforce
• API: /services/data/vXX.X/sobjects/Opportunity; Schedule extraction by opportunity stage.

3.19. Google Sheets
• API: spreadsheets.values.get & batchUpdate; Used for consolidation or as staging area.

3.20. AWS S3
• Service: S3 ObjectCreated Event; Trigger extract-transform-load (ETL) pipeline on data file drop.

3.21. MongoDB Atlas
• Trigger: Data API - /action/find; Pull transactional logs for aggregation.

3.22. MariaDB/MySQL
• Function: Schedule SELECT queries to extract latest financial snapshots.

3.23. Redshift/Snowflake
• Integrate via ODBC/JDBC connectors for pulling finance tables on schedule.

Benefits

4.1. Reduces manual data collection and cross-referencing effort.
4.2. Acts as a single source of financial truth, improving report accuracy and audit-readiness.
4.3. Enables near real-time financial insights and actionable alerts.
4.4. Scalable to accommodate more sources or changing reporting standards.
4.5. Increases efficiency for accountants servicing multiple clients or entities.