ZAAP is short for Z Accepted Accounting Principles, the set of accounting principles that 📝BrightZen Systems considers reasonable for startups.
The name plays on 📝GAAP, Generally Accepted Accounting Principles, the authoritative standards and accepted conventions for recording and reporting financial information. Where GAAP applies to reporting entities broadly, ZAAP names the practical conventions BrightZen Systems applies to early-stage companies, and it belongs to the vocabulary of 📝Weekly Accounting. One principle BrightZen Systems states in its own terms is 📝Operational Accounting vs Tax Accounting: accounting kept to run the business takes priority over accounting kept for taxes.