inDinero (YC S10) launches Mint.com for Businesses • Hacker News Board

Re: inDinero (YC S10) launches Mint.com for Businesses

#61

Post by robryan » Sat, Jul 03, 2010, 7:49 AM UTC

jlm382 wrote: post #25

endlessvoid94 wrote: post #20

Congrats on your launch :-) I have a business that has grown from 0 to 500,000 pageviews / month in a little under 6 months. I haven't spent much money but my income is starting to be more significant. I use two separate bank accounts that are personal accounts for my ad revenue deposits, and I use personal credit cards to pay for things. I understand the need, eventually, to incorporate and get separate accounts, bu…

Hey Dave, This is an interesting thought, because although you're "supposed" to have separate accounts, the reality is that many entrepreneurs never do. For now, inDinero would only be able to show you the finances from your combined transactions -- that is, unless you had sub accounts that you used only for business transactions, in which case we can ignore your personal sub-accounts. Will follow up via email to fig…

Yeah I'd imagine many smaller freelancers like myself only have the one account, which is perfectly legal here in Australia for a sole trader as long as you track the business transactions.

So yes, without having a look at the app yet, maybe having the ability to mark each transaction as business or private would be great. An extension on that to would be automatically marking transactions with certain words in descriptions, transfers from certain clients and certain expenses will always come up the same way.

Re: inDinero (YC S10) launches Mint.com for Businesses

#62

Post by MarkMc » Sat, Jul 03, 2010, 9:12 AM UTC

apowell wrote: post #41

Do you have an iPhone app on the way? Currently I keep a Mint account for my business which I check frequently on my iPhone. That being said, Mint is just a toy for me; the real work gets done in Quickbooks. Your pricing seems oddly segmented. Intuitively, I don't know how many transactions I run each month. I'm not even sure how I'd count them. I'm pretty sure it isn't more than 500, but who knows. At the 'enterpris…

"I would have a tough time justifying a price nearly equivalent to buying a copy of Quickbooks Pro every single month"

Three reasons why this pricing is clever: 1) The aim is to get you using the $30/month version, then when your business grows larger just start charging £100/month. It's so painful for a company to switch accounting software that they will gladly pay twice as much as if they had never heard of it before. 2) You can give out special offers like '25% off - only $75 per month'. This would probably sell better than a normal price of $75. 3) The £30 per month looks more attractive when it is placed directly next to a more expensive option.

Re: inDinero (YC S10) launches Mint.com for Businesses

#63

Post by andy » Sat, Jul 03, 2010, 12:15 PM UTC

I would like to try this but I'm not prepared to pay $100 a month in addition to the $30 a month I'm paying for quickbooks online unlimited transactions. Switching will be a huge pain in the ass, but PayPal integration will be worth it, if everything else is the same.

Re: inDinero (YC S10) launches Mint.com for Businesses

#64

Post by jaxn » Tue, Jul 06, 2010, 12:38 AM UTC

MarkMc wrote: post #62

apowell wrote: post #41

Do you have an iPhone app on the way? Currently I keep a Mint account for my business which I check frequently on my iPhone. That being said, Mint is just a toy for me; the real work gets done in Quickbooks. Your pricing seems oddly segmented. Intuitively, I don't know how many transactions I run each month. I'm not even sure how I'd count them. I'm pretty sure it isn't more than 500, but who knows. At the 'enterpris…

"I would have a tough time justifying a price nearly equivalent to buying a copy of Quickbooks Pro every single month" Three reasons why this pricing is clever: 1) The aim is to get you using the $30/month version, then when your business grows larger just start charging £100/month. It's so painful for a company to switch accounting software that they will gladly pay twice as much as if they had never heard of it bef…

I doubt that it is a "false option" since it is so clearly based on the number of transactions.

Re: inDinero (YC S10) launches Mint.com for Businesses

#65

Post by colincor » Wed, Jul 07, 2010, 8:52 PM UTC

jlm382 wrote: post #17

zavulon wrote: post #13

Here is a suggestion for you. I know I, and at least 15 other people will immediately switch if you make Citibusiness Online support work. Check out this thread from Mint's support forum: http://satisfaction.mint.com/mint/topics/citi_business_not_a... ? To make a long story short, Citibank for business is a major bank and there's a lot frustrated people that would love to use Mint for their business, if only they mad…

Hey Alex, We're on this. Would love to have you + 15 other people switch to us :) Figuring out which banks we don't support (that people need us to support) is a pretty big challenge. We've already gotten requests to support canadian banks and even swiss banks. - Jess

This looks like it's going to be a kick ass product! To be able to get an up to date snapshot with all the information a non CFA could ask for is GREAT!

Who cares if the digital SLR is better, if its complexity makes you use it far less than the point and shoot then you'd be better off with a point and shoot. I rather a program less powerful than Quickbooks that gives me everything necessary that I can monitor every day to make crucial decisions than one I skim once a month because it's too complicated for my business needs!

One problem tough Jess - no banks outside US :(

I'm in the Cayman Islands, but I bank in different countries and a product that can help my business monitor everything at a glance would be GREAT!!!

Any word on new regions?