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I've always wondered why finance continues to run on a monthly cycle. Why isn't that kind of tracking more continuous? It seems to introduce artificial and harm
by Pyxl101 11y ago
I've always wondered why finance continues to run on a monthly cycle. Why isn't that kind of tracking more continuous? It seems to introduce artificial and harmful effects, like people trying to "game their numbers" at the end of a month.
It seems like reporting ought to be continuous and instantaneous.
I imagine there are historical reasons why things have worked that way, since it was inconvenient for humans to compute aggregations any more frequently. However, now we have computers. Why report on a month or quarter or year? Why not look at the report every day, or as often as needed?
- ctrlaltdel121 11y agoThe point of doing a budget on a monthly cycle is that most bills are monthly bills. I also have days where I spend half a paycheck and days where I spend zero dollars, so how much money I gained or lost in a day is of almost no relevance.
- zhte415 11y agoHistorically? Perhaps batch processing. It simply isn't possible for a bank for example, to press a button and see where the money is. It takes several days of operations to get anything near accurate and meaningful. This sounds like a joke, but it most seriously isn't. (this is before the qualitative nature of valuing stuff, this is simply the question 'where is the money?')
- nunodonato 11y agomonthly bills and monthly paychecks...