DAOACounting.jfif

<aside> 🪙 Decentralized accounting tool for DAOs & offers an automated checks & balances system for Harmony grantees

</aside>

Status:

• Lightweight product built.
• Jacob Lill has built out a platform with a crypto expense tool that allows the DAO members to put the value in using either ONE or USD
• Tool is built, users are able to login with either Metamask or Walletconnect

Three aspects of DAO Accounting:

1. Internal Accounting: Additional information specific to DAO member’s understanding
2. External Accounting: Strips away all sensitive & personal information
3. Grantor & Donor Accounting: Implementing an automated checks & balances system for deliverables & all projects on Harmony

• Future vision: Implementing a decentralized accounting certification program to create a marketplace of accountants either DAO or non-DAO members & automatically creates bounties based on the amount of information to certify, which allows for true 3rd party verification for all financial information.

• This tool will help us with monthly reporting & will help us to measure success of DAOs long-term.

• Offers a solution for DAO Reporting (1DAO Alliance)