Braided Matrix holds the patents
to the multi-function-modular (MFM) technology that forms the underpinning
of all 4th Quarter® products. Because of our MFM design our
software is more adaptable and more easily adaptable than any other
Effective computer software must be modular so
that different areas can operate with relative independence. This
is the only way increasingly complex systems can be built in the
context of ever-changing technology. Modular design always presents
the problem of figuring out how to simply and flexibly integrate
related areas without sacrificing independence.
Up until 1998 no one had devised a general, modular
accounting system. Lincoln Stoller's patent (US Patent #5,740,427)
is the first system to offer you a full-featured, fully adaptable
accounting system that is independent of any particular business
Stoller's patent provides multiple ways of connecting
the different accounting modules. Each module can function in a
variety of different ways. The basic building blocks on which 4th
Quarter is based can be connected and reconnected in a variety of
ways. That is, each module supports multiple functions, hence"Multifunction
How MFM Is Used
Accounting follows basic rules across all industries, but each
industry structures its accounting in different ways.
Using 4th Quarter's MFM tools we have been able
to select those aspects of the accounting engine most appropriate
for specific businesses.
For example a chart of accounts is always composed
of the same set of possible accounts and types of accounts. Each
business will use different charts of accounts, while have different
accounts for different functions, and will generate more or less
details for particular accounts.
Using 4Q's MFM tools we can set up a complete chart
of accounts for any business in which different types of accounts
are linked to different entities. For example a bank may have client
loan receivable accounts and a portfolio of mortgage assets. A leasing
company may have prepaid service contract assets and lease income
accounts. A marketing company may have vendor payable and vendor
receivable accounts, coop advertising, commission fees and royalty
In 4th Quarter all of these account structures
can be linked to those objects that are relevant to each particular
business, whether it be vendors, sales agents, licensers, or mortgages.
You design the business, the 4Q accounting engine handles the accounting.
In another example, different businesses will keep
different journals. An international wholesaler may keep separate
domestic and international sales journals. A manufacturing firm
might standard production and custom production costs on separate
purchase journals. In 4th Quarter any number of journals can be
created. The program can be directed to use different journals under
different circumstances. You define the bookkeeping structure, the
4Q accounting engine will handle your management structure according
to generally accepted accounting principles.