21–30 of 288 posts
Today I learned "paisa" is a subunit of the Indian rupee - here we call "paisa" to all things related to a specific region of Colombia ( https://en.wikipedia.org/wiki/Paisa_(region) )
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…
Mint already uses Plaid, but I the transaction information it gets is too low in information to categorize anything reasonably. For example my Amazon Grocery transaction happen on my amazon Chase Credit card(gives me 5% discount). But connecting to Chase.com using plaid pulls in transaction statement is still information poor. The obvious consequence of this is that budget information is not correctly reflected in Mi…
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 - Debit.
The Golden rule/s that apply here (Debit the receiver, credit the giver)
However, looking at the tutorial, the example given is:
2022/01/01 Salary
Income:Salary:Acme (Debit Account)
Assets:Checking (Credit Account)
This is the opposite of what I expect, however, I see this all the time when looking at tutorials/information written by SW devs.
What am I missing or is everyone else just getting it wrong?
One thing off the bat I noticed, it doesn't look like custom Tags are supported? I use tags all the time in beancount, say to filter for a trip #trip-europe-2022 which would break down my cash flow and balances (and the rest of the fava UI) for a subset of transactions.
I am probably the target audience for this kind of thing, but I’m having trouble seeing myself slog through hundreds of household transactions every month (or putting in the time to automate transaction imports from my credit union and credit cards). I’m happy to huck money at YNAB to do all this for me, on top of which they give me an app that my wife and I can both use to check the budget and enter transactions on…
[1] https://www.gnucash.org/docs/v5/C/gnucash-manual/tools-on-li...
[2] https://wiki.gnucash.org/wiki/GnuCash_and_Mobile_Devices
Do people who use this kind of software manually enter every transaction they do every day, or something?
Today I learned "paisa" is a subunit of the Indian rupee - here we call "paisa" to all things related to a specific region of Colombia ( https://en.wikipedia.org/wiki/Paisa_(region) )
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…
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?
Yes, exactly that. You can do automatic imports of your bank statements but that's arguably more hassle.
It takes 10 minutes at the end of my day to record all my transactions and it gives me a complete understanding of where my money is going.