<ul><li>Building a ledger system in fintech requires a mix of proper accounting principles and engineering best practices.</li><li>Accounting mistakes can include misclassifying commission revenue and failing to represent actual payouts accurately.</li><li>Engineering best practices involve handling concurrency and atomicity, ensuring data integrity, automating reconciliation, focusing on security and compliance, scalability and performance, advanced capabilities like multi-currency support, and collaboration with finance teams.</li><li>It is essential to carefully design ledger entries, build for scale, prioritize security and compliance, and collaborate across teams when building a ledger system.</li></ul>

Building Ledger the right way

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