AccXchange - An Electronic Data Interchange Platform which is available at a very low annual subscription fees. The AccXchange enables collaborative accounting though a platform of network of companies (business entities) through the concept of Electronic Data Interchange (EDI). AccXchange delivers its major business value by lowering costs, improving speed, accuracy and business efficiency. On this platform, we have first solution for Tally-one of the popular accounting application in India. It facilitates that transactions posted in one Tally server is being transmitted in real-time to customers/suppliers who are the members of AccXchange and have already established connectivity with the senders. The receiver company can review and post these transactions in its books of account after automated conversion for right accounting effect. For example a sale invoice is transmitted to the respective customer and then that customer can review and post this sale invoice as a purchase invoice. The solution also provides integration platform amongst network companies for any accounting application/ ERP solution from a small local accounting application to the large solution like SAP. Any accounting software company/ developer can easily and quickly integrate any accounting application for different integration.