Accounting in 2016 – Still a manual and tedious process

Re:Accounting in 2016 – Still a manual and tedious process by erichocean on Sunday April 03, 2016 @03:59PM (#11417385)

So, I get that they're not giving you line items. What I don't get is why? Is there some competitive advantage or whatever that's causing the big players to lobby the government to prevent it?

It seems to me that, at some level, everyone already "has" their line items—just not in a convenient form, i.e. paper (or email) receipts.

Is there cost involved in getting them to people? Standardization? Legacy systems/formats/whatever in the way?

Thanks for your writeup by the way, I'm also in CA and learned a lot.

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Re:Accounting in 2016 – Still a manual and tedious process by thinkcomp on Monday April 04, 2016 @12:58AM (#11419530)

Legacy systems that are totally inflexible is the main problem. Much of this stuff was developed in the mid-1960s. Upgrades and standardization are not considered a "profit center" for an already very profitable industry, and the costs would be enormous. The EMV rollout has cost tens of billions and it doesn't even touch the formats.

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Re:Accounting in 2016 – Still a manual and tedious process by erichocean on Tuesday April 05, 2016 @10:40AM (#11430711)

Okay, so basically it'll require legislation at this point.

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