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Show HN: Paisa – Open-Source Personal Finance Manager

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Re: Show HN: Paisa – Open-Source Personal Finance Manager

#221

Post by rendaw »

phoenixy1 wrote: post #97
ananthakumaran wrote: post #65

Earlier quoted context omitted.

I can try to improve import functionality, but Plaid etc is quite hard. I can't even figure out their pricing model from their page. So, as a free app I don't think it can support Plaid.

[I work at Plaid] The pricing model is here: https://plaid.com/docs/account/billing/ but @jpeeler is right that for a free app like this aimed at an audience of engineers you could also set it up for your users to BYO Plaid API keys.

How much would it generally cost for a user? I couldn't figure it out from the pricing page.

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#222

Post by all2 »

BeetleB wrote: post #203
astral303 wrote: post #176

Earlier quoted context omitted.

Categorization seems like low-hanging fruit given the age of AI we are in today.

> Categorization seems like low-hanging fruit given the age of AI we are in today. AI can assist, but that's it. When I go to a Kroger's store, I may buy food. Or I buy supplies. Or medicine. Or gifts. Or something else. And almost always a combination of these. We are already at 5 categories, without mentioning others. All my CC will report is a transaction at Kroger's. How is an AI supposed to guess how much I spen…

Take a picture of the receipt and a picture of your groceries, pipe them to appropriate models?

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#223

Post by dvdkon »

I was looking for some software that I could use to make sense of my bank transactions from imported statements, and sadly found that none of the FLOSS options I tried could import the counterparty's bank account number.

I have to ask, do people mostly enter transactions manually into their personal finance software? Or do they just go by names for imported transactions? This means that I can't meaningfully import transactions between my multiple accounts. Do others just fix them up manually?

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#224

Post by 2Gkashmiri »

BeetleB wrote: post #153
ananthakumaran wrote: post #150

Earlier quoted context omitted.

Paisa supports budgeting and the model is inspired by YNAB. It doesn't use virtual account, but uses periodic transaction which is simpler from data entry perspective, but achieves the same thing

Not trying to be argumentative, but every time I've heard someone claim they do envelope budgeting in ledger without virtual accounts, I've always found a flaw in their approach.[1] So let me give you the standard scenario: I have two checking accounts, and a credit card. I budget $300/mo on groceries. Sometimes I buy groceries with my credit card, and sometimes using money from either of those two checking accounts.…

double entry accounting would solve this problem by aka "contra" entries most of the time.

one thing would be to have a petty cash "virtual account" that pulls money in from your checking account(s), credit cards and pay off groceries from there. that would not be helpful when auditing actual payments because you did actually pay directly from a certain bank and not the pool but this should be simpler for personal use.

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#226

Post by ananthakumaran »

BOOSTERHIDROGEN wrote: post #225

I’m using beancount with fava as UI, any experience why you choose based on Ledger vs Beancount ? Thanks

Nothing specific, I was even looking at adding support for beancount then realized it's much more strict and doesn't support some features like periodic transactions (which I use for budgeting)

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#227

Post by 2Gkashmiri »

girishso wrote: post #110
freitzkriesler2 wrote: post #3

I honestly just use excel but that's because I use it as a book of record for receipts as well. Since you're looking for open source alternatives, OpenOffice would fill that need.

I tried Excel few years back, it’s only easy when all you are tracking is income and expenses. But when you buy some stocks or MFs, the amount is debited from Bank but it’s not really an “expense”. And good luck tracking fund flows between your own accounts. I’ve finally settled on hledger for now. There’s some issues, mainly the reports are generated by calendar year, there’s no support for Financial Year reports (A…

have you tried something like gnukhata? it should work out for you i suppose

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#229

Post by rmuratov »

ibdf wrote: post #80

How are people automating the data import? I can't imagine someone entering everything by hand. Lots of places don't even provide an export file you can work with... most of them offer a PDF. It seems like most financial places rely on Plaid for the data integration, but that's a paid service I don't think Open-Source or free personal finance apps would use.

I use hledger and I enter everything by hand.

I used to dread it too. But actually, in normal life, the volume of daily transactions is not that large. Besides, filling out a journal disciplines you. And VS Code does autocomplete for accounts and payees.

Re: Show HN: Paisa – Open-Source Personal Finance Manager

#230

Post by 8589934591 »

I'm a longtime user of gnucash and this is a great product to convince me to move to ledger/hledger.

Question for author - Is it mostly a reporting tool or does it work similar to h/ledger where I can input my transactions from paisa?

Question for HN users - have you found ledger to be easier to use compared to gnucash? My challenges have been my lack or ease of understanding on how to input transactions in ledger and also getting good reports comparable to gnucash. It's highly likely I'm unaware of how to use the tool properly but I am not sure where to learn this.

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