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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

#61

Post by ananthakumaran »

mcshicks wrote: post #44

This looks really cool I've used beancount/fava for tax planning, but of course I had to code up my own tax models. In the US tax table change every year (by a predictable formula) and some forms of income are weird, like I bonds are exempt from federal tax, but are taxed by state income tax. It seems unlikely that you could support all the cases, but is there a straightforward way to plug in your own model? I did se…

I have replied at another thread, but there is no plugin support as of now. My country changes the rules every year and add grandfathering, xyz rules etc. I think, I have to figure out a DSL or some other way to make it general. This is something I am interested, but haven't figured out how to solve it yet.

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

#62

Post by PopAlongKid »

asdajksah2123 wrote: post #23

Here's something that always trips me up when I look into non professional software for double entry accounting (or more accurately, instructions around them). It's been a long time, so I may be getting it wrong, but I do have some introductory information of accounting. And according to that, in a transaction such as salary received, the accounting would look something like: Income: Salary - Credit Assets: Checking…

"Debits and credits are nothing more than “increases” and “decreases” to accounts." Don't try to apply logic; it is just a convention: debits to the left, credits to the right.

In particular, the first example above is correct. An asset account is increased by debits; a credit increases a revenue account.

Salary received:

Income: Salary - Credit

Assets: Checking - Debit.

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

#63

Post by lukebennett »

halotrope wrote: post #57

This looks great! We've been building a wealth tracker with https://markets.sh and were a bit flabbergasted when people started "abusing" our automatically syncing Yodlee connection to hook up all of their checking and credit card accounts (technically we market only for brokerages and investment accounts). We have a free and simple API and plain CSV download which in itself seems to be a real pain point for people.…

> I think we need to force all financial companies to have a modern API and OAuth available for everyone via legislation.

That already exists[0] in the UK

[0] https://www.openbanking.org.uk/

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

#64

Post by halotrope »

lukebennett wrote: post #63
halotrope wrote: post #57

This looks great! We've been building a wealth tracker with https://markets.sh and were a bit flabbergasted when people started "abusing" our automatically syncing Yodlee connection to hook up all of their checking and credit card accounts (technically we market only for brokerages and investment accounts). We have a free and simple API and plain CSV download which in itself seems to be a real pain point for people.…

> I think we need to force all financial companies to have a modern API and OAuth available for everyone via legislation. That already exists[0] in the UK [0] https://www.openbanking.org.uk/

Europe has a shot too but what i’ve found is that the API’s are often so clunky and bad that they might as well not exist

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

#65

Post by ananthakumaran »

robcohen wrote: post #12

This looks awesome. I love that it's built on ledger. I have been wanting to move away from Simplifi Money for some time for obvious reasons (owned by Intuit). It seems that the real moat is pulling the data in a consistent and correct way. Yes, you COULD try to find every single export option for every bank, but I think Plaid is really the only service that pulls this data somewhat correctly, due to the U.S. not hav…

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.

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

#66

Post by fstrazzante »

lionkor wrote: post #27

Slightly off topic but how do people use these? Depending on where/what I pay, I pay with an assortment of credit cards, bank account, debit cards, paypal, etc. Do people who use this kind of software manually enter every transaction they do every day, or something?

Splitwise user here

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

#67

Post by MenhirMike »

Has anyone compared this to YNAB4? (Not the cloud-only subscription-only YNAB, but the good one that was killed off in 2019)

It's by far the best household bookkeeping tool I've ever used, but it won't ever get updates again (running it in a VM just so I can make sure I will always be able to run it), and it would be nice to have something that can track stocks and maybe even foreign currency - but for now, I would be happy with something that can just replace YNAB4.

The lack of Quicken OFX Import is a bummer :( But if the CSV import is good, it would still work. (As much of a pain as OFX is to implement for developers, especially since there's at least two major versions, it is pretty widely supported by US banks to download my transaction history)

Will probably give it a spin on the weekend, since the demo actually looks promising!

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

#68

Post by boredtofears »

plibither8 wrote: post #54
lionkor wrote: post #27

Slightly off topic but how do people use these? Depending on where/what I pay, I pay with an assortment of credit cards, bank account, debit cards, paypal, etc. Do people who use this kind of software manually enter every transaction they do every day, or something?

Not to be that guy that tries to force LLMs into everything, but after automatically importing bank transactions, LLMs like GPT are very powerful in extracting information from the ill-formed, non-standard, transaction description, and subsequently classifying it. You can help train it by manually identifying and classifying the first few, and let it do the rest of the job. I've tried it out myself and works well for…

What software have you used that does this?

So far every time I've relied on automatic categorization for this sort of thing it fails horribly. I don't think I've used anything that's GPT based though.

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

#69

Post by MenhirMike »

lionkor wrote: post #27

Slightly off topic but how do people use these? Depending on where/what I pay, I pay with an assortment of credit cards, bank account, debit cards, paypal, etc. Do people who use this kind of software manually enter every transaction they do every day, or something?

Most banks (at least in the US) allow a data export, usually in Quicken/OFX or CSV format. I download the transactions from my accounts once a week or so and import it into the tool. (PayPal gets charged to my credit card, so it shows up on the credit card import, no need to track PayPal separately)

I currently use YNAB4, and I've assigned categories to Payees, so when it sees a transaction to e.g., my local Pub, it knows to categorize it as Food. For stuff like Amazon or eBay, I need to manually categorize each transaction, but that takes a minute or two.

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