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An open-source alternative to QuickBooks

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Re: An open-source alternative to QuickBooks

#2
I can't help but feel compelled to pause my current tasks and contribute wholeheartedly to this. My frustration with Intuit has reached its tipping point, especially after they acquired a Brazilian financial management software called Zeropaper, which my company heavily relied upon. Intuit then proceeded to discontinue the product and withdraw from the Brazilian market without offering any viable alternatives, leaving us scrambling to migrate promptly. The experience was an eye-opener, teaching me a valuable lesson: regardless of any reassurances given after a product acquisition, it's best to start preparing an exit strategy as soon as possible.

Re: An open-source alternative to QuickBooks

#4

It never seems like any of these opensource accounting solutions have bank feeds? Why would anyone manually import bank info when an automatic feed exists.

Back in the day bank feeds were horrific to develop but these days I think there are aggregate feed services. Seems like you could just implement support for one of those?

Re: An open-source alternative to QuickBooks

#5
post #4

It never seems like any of these opensource accounting solutions have bank feeds? Why would anyone manually import bank info when an automatic feed exists.

Back in the day bank feeds were horrific to develop but these days I think there are aggregate feed services. Seems like you could just implement support for one of those?

Are there any feed services that would sell an individual (person or business) license? It seems like they all strive to be a backend for a SAAS.

Re: An open-source alternative to QuickBooks

#8
post #4

Earlier quoted context omitted.

Back in the day bank feeds were horrific to develop but these days I think there are aggregate feed services. Seems like you could just implement support for one of those?

Are there any feed services that would sell an individual (person or business) license? It seems like they all strive to be a backend for a SAAS.

They probably don’t want to deal with individual subscribers but if enough open source users wanted feeds you’d create a niche for a SaaS that does nothing but provide bank feeds for a few bucks a month. That’s the kind of micro SaaS one person could run.

There are some things that are “natural SaaS” and interoperability with ugly services run by huge banks that are probably moving targets and probably have administrative overhead to use is one example.

Re: An open-source alternative to QuickBooks

#9
post #7

For people who use QuickBooks, what's the main barrier to a viable open-source competitor? Does QuickBooks offer a ton of necessary integrations or something?

Your accountant knows it. When you're on other software, it's a challenge for them - and that costs you extra money.
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