What is a system of record?

A system of record is the authoritative source where a business's official financial data is stored and maintained. It serves as the single source of truth for financial reporting, compliance, reconciliation, and decision-making.

Example: A company uses its accounting platform as the system of record, ensuring financial statements, account balances, and transactions all come from the same trusted source.

Related terms: General Ledger, Ledger, Agentic General Ledger™, Truth Drift