A great field with a great programming language

Introduction

Python is big in finance. Nowadays the originally Dutch programming language is the go-to tool for many important tasks like; algorithmic trading, data analytics and crypto. One of the biggest reasons Python is this successful is due to the amount of libraries that the language offers. Hence it seems as if for every important task in finance there’s a Python library available.

However, for accounting (and financial statement analysis in general) Python never quite managed to break through. That’s why most accountants still use excel or other similar programs to do their bookkeeping. Needless to say, these programs are not as scalable and versatile as a programming language.

That’s why in this article we’ll explore a new Python library that manages to fill that gap, called “fibooks”. This library currently has 3 of the 4 main financial statements and offers a large set of built in computations that can help anyone getting more insight in a company’s financial performance.

#finance #python #api #accounting #start accounting in python #programming language