Most traditional ERP systems reduce business reality into a web of ledgers. A person becomes a ledger, a product becomes a ledger and a customer becomes a ledger entry. These systems shape the business around accounting design instead of shaping accounting around how business actually happens.
Tuhund is built on a different principle: it mirrors real life. In Tuhund, a person is a person, a company is a company, a product is a product, and inventory is inventory. Their identity does not change just because their role changes; what changes is the relationship or transaction, not the entity itself.
Identity first accounting: The Tuhund way
Identity First Accounting in Tuhund means the system starts from “who” and “what” actually exist in your business and only then derives the accounting impact. When a company acts as a customer today and as a vendor tomorrow, the system preserves one consistent identity with multiple roles instead of only fragmenting them into separate ledgers. This keeps financial impact tightly coupled with real-world events, rather than forcing operations to fit an abstract chart of accounts.
By modelling real entities first, Tuhund lets accounting reflect the business, not dictate it. This significantly improves traceability across modules like sales, inventory, services and accounting, all of which work on the same shared entities instead of isolated sub-ledgers.
Always answering who, why, when, how, where
For everything in the system, Tuhund clearly answers who did it, why it happened, when it occurred, how it was executed and where it took place. Actions such as approvals, document changes, stock movements and financial postings carry this full context, making every record self-explanatory instead of cryptic.
This rich context transforms data from bare numbers into a narrative of business activity. Teams can quickly reconstruct the story behind a transaction, resolve disputes faster and audit processes without guesswork or manual cross-checking.
Holistic tracking around every entity
Tuhund keeps track of all communication, tasks and events related to every entity, whether that entity is a person, a company, a product or a project. Emails, calls, follow-ups, tickets and internal tasks can all be associated with the same underlying identity, giving a 360-degree view across CRM, services and operations.
It also keeps a record of both tangible and intangible expenses connected to entities and processes. Direct costs like purchases and service charges, as well as scheduled or recurring expenses and other operational outlays. Wherever these expenses have an effect, Tuhund reflects them automatically, so cost, value and profit trails remain clear from source to final impact.
Accounting that follows reality
Because identities stay stable and roles are layered on top, Tuhund can generate ledgers, sub-ledgers, and financial statements without compromising real-world structure. Cost centers, receivables, payables and asset records are all driven from the same underlying entities, ensuring that financial views remain consistent with operational reality.
Value vs Cost Price in Tuhund
Two financial views for one real stock item
In Tuhund every inventory item carries two independent financial figures:
1. Value
This is the legally recognised value of stock for financial accounting.
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Used for balance sheet reporting
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Audited and regulated
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Changes only through formal stock revaluation
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Revaluation usually requires proper authority or external audit approval
Value exists because statutory reporting demands a fixed, trackable and verifiable number that represents what the organisation owns on paper.
2. Cost Price
This is the real economic cost of getting that stock into inventory.
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Supplier invoice price
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Plus freight, packaging, handling, duties, unclaimable taxes, insurance, inspections, warehousing and internal movements
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Keeps adjusting as additional related expenses are posted
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Used for profitability, pricing decisions and management accounting
Cost price exists because business reality requires knowing the true cost of acquiring and preparing the product for sale or use.
Why both are necessary
| Purpose | Value | Cost Price |
|---|---|---|
| Legally compliant stock reporting | ✔ | ✘ |
| Management analysis | ✘ | ✔ |
| PNL through changes in inventory | ✔ | ✘ |
| Margin and pricing | ✘ | ✔ |
| Audit requirement | ✔ | ✘ |
Financial accounting and management accounting have different needs. Tuhund supports both without compromising either.
Simple logic
Value tells auditors and regulators
Cost price tells business owners and managers
Tuhund keeps these separate so that:
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Compliance stays clean
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Profitability stays accurate
The result is an ERP where accounting follows what actually happened, instead of operations bending to suit accounting workarounds. This is the core of Tuhund’s Identity First Accounting: a system that sees your business the way you do and then turns that truth into accurate, automated financials.
